Western European car sales rose 14 percent last month, auto industry data provided by LMC Automotive showed.
May was rather an impressive month for the Western European passenger-car markets, as sales rose to 1,218,040 vehicles throughout the region, up from 1,068,733 units a year earlier, according to estimates made by LMC Automotive. All Big Five markets were up, with only the UK failing to achieve a double‐digit growth, because of concerns surrounding a Brexit move. While the British new-car registrations increased by 2.5 percent in May, Italy was the strongest performer with 27.3 percent, a country in which the car market has shown a remarkable comeback so far this year, with registrations up 20 percent in the first five months.
“A recovery in private consumption is expected to be sustained by an improving labour market and favourable fiscal measures, and should support further market growth beyond 2016,” LMC said. A similar path could be found in France as well, where economic improvement continues to push the car market further up, to a growth of 22.3 percent in May. Sales in Germany rose nearly 12 percent, while the Spanish car market reported its best May result since 2008, with a 20.9 percent jump. LMC said its estimates project seasonally adjusted new registrations in Western Europe would reach 14.08 million this year, up 5.7 percent from a year earlier.