European new car sales up 6.2 percent in October
(MENAFN) European new car sales rose 6.2 percent in October, extending their recent recovery as demand in previously recession-hit southern countries was boosted by buying incentive schemes, Arab News reported.
Sales rose in all major markets except France, but analysts warned signs of an economic slowdown across the region could snuff out a fragile car market revival in the coming months.
"The recovery in the European auto market is mainly fueled by catch-up effects in the (southern) crisis countries. It remains weak and susceptible to a renewed economic setback," a specialist said.
Sales rose in all major markets except France, but analysts warned signs of an economic slowdown across the region could snuff out a fragile car market revival in the coming months.
"The recovery in the European auto market is mainly fueled by catch-up effects in the (southern) crisis countries. It remains weak and susceptible to a renewed economic setback," a specialist said.
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