Western European car registrations down on fewer selling days -LMC

By Kitco News / January 05, 2018 / www.kitco.com / Article Link

BERLIN, Jan 5 (Reuters) - Western European car registrations fell 5.2 percent in December which had two fewer selling days than a year earlier, leading four of the region's five main markets including Germany and France into the red, data compiled by LMC Automotive showed.

Registrations declined to 1.03 million passenger cars from 1.09 million a year earlier, the consulting firm said on Friday. Its numbers are based on a combination of published national data and estimates for some smaller markets that have yet to report.

The seasonally adjusted annualized rate (SAAR) of Western European sales slipped 1.9 percent from November levels to 14.29 million cars, according to LMC.

Sales slumped 14.4 percent in Britain and were down 3.2 percent in Italy, 1 percent in Germany and 0.5 percent in France while Spain posted a 6.2 percent gain, LMC said.

"The selling-day effect meant most markets in the region were down year-on-year, though Spain was notable in bucking this trend," LMC analyst Jonathon Poskitt said.


(Reporting by Andreas Cremer; Editing by Douglas Busvine)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Recent News

Canada second most significant player in global mining M&A

July 22, 2024 / www.canadianminingreport.com

Plenty of potential for continued rotation out of tech

July 22, 2024 / www.canadianminingreport.com

Platinum to palladium ratio low, platinum to gold high, versus history

July 15, 2024 / www.canadianminingreport.com

Gold stocks up on metal and equities gains

July 15, 2024 / www.canadianminingreport.com

Most major metals rebound on potential global monetary easing

July 09, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok