Western European car sales fall as trade\, Brexit hit confidence

Western European car sales fall as trade, Brexit hit confidence

Reuters  |  PARIS 

(Reuters) - Western European fell 8.5 percent in December to end the year slightly lower, as emissions-test bottlenecks gave way to a broader economic slowdown and consumer jitters over and trade, according to Automotive data.

fell to 942,340 cars last month from 1.03 million a year earlier, the consulting firm said on Monday. Its numbers are based on national sales data and estimates for some of the smallest markets.

Prospects for 2019 are "a little brighter", the firm said, predicting Western European sales growth of 0.8 percent for the year on the assumption that and its EU partners reach agreement on the terms of Britain's departure from the bloc.

But a no-deal in March would likely lead to a 7 percent full-year UK sales decline, the forecaster said, pushing regional auto market growth into "negative territory" for 2019.

The December slump, steeper than November's 8.3 percent drop, came as problems with model availabilities eased following chaotic implementation of new "WLTP" test standards, which had dented business over the three previous months.

"There appears to be other issues impacting on sales," said - citing weaker consumer confidence, concerns and France's "yellow jacket" street protests, which have disrupted business and weighed on demand.

The seasonally adjusted annualised rate (SAAR) of Western European sales also fell 3.7 percent from November to 12.84 million cars last month, said.

fell 6.7 percent year-on-year in Germany, 14.5 percent in France, 5.5 percent in Britain and 3.5 percent in Spain, while rose 2 percent, according to data published in recent days.

(Reporting by Laurence Frost; Editing by Toby Chopra)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 18:10 IST