Top Stories

European car sales up +17.8% year-on-year in June, annual cumulative sales close to pre-pandemic levels

TOPICS:
coches aparcamiento

Posted By: The Corner 20th July 2023

Bankinter: Car sales increase by +17.8% year-on-year in June. This brings the cumulative annual figure to +17.9%.

Assessment: Solid figures, but heavily influenced by a favourable base effect. Sales continue the recovery process that started in August last year. The main markets show solid growth: Spain +24%, Italy +23%, France +15%, Germany +13%. However, compared to the cumulative January-June 2019 (before the pandemic), sales are still -21% lower.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.