Car sales in Western Europe surged 4 percent in July 2013 to 950,444 units, boosted by an additional selling day and a stabilizing economy, according to LMC Automotive. The annualized selling rate of nearly 11.5 million units in July was a bit weaker than in prior months, LMC said. Jonathon Poskitt, an analyst at LMC, said in a statement that they expect car sales in the region to pick up through the rest of 2013 as economy in Western Europe begins to improve.
LMC expects full year car sales in Western Europe to drop 3 percent to 11.41 million units, much better than the 8-percent decline logged in 2012. Car sales in western Europe fell 5.4 percent in the first seven months of 2013 to 7 million cars.
Passenger car registrations surged in Germany, the United Kingdom, France and Spain in July 2013. Car sales in Germany hiked 2 percent in the month, but dropped 6.7 percent in the first seven months of 2013. According to LMC, car sales in Germany are unlikely to hit 3 million units for the full year 2013.
Car sales in the UK, however, are booming, with a surge of 12.7 percent in July and a 10.3 percent jump in the first seven months of 2013, thanks to zero-percent financing and vehicle-price discounts. Stronger results in the UK prompted industry association SMMT to revise its full year 2013 forecast upward to 8.4 percent to 2.22 million vehicles, from a previous prediction of a 3-percent rise.
Poskitt attributed stronger sales in the UK to "solid improvements" in both private and fleet sales in July. July car sales in France rose for the first time in nearly two years to almost 1 percent, thanks to arrival of new models as well as discounts implemented by dealers. French car sales, however, dropped 9.8 percent in the first seven months of 2013. Thanks to a government-backed scrappage program, car sales in Spain surged 14.8 percent in July, but dove 2.1 percent in the first seven months of 2013.