American business activity declines to 17-month minimum
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European car sales inch up 7.7% in May
In May, European car sales went up 7.7% from the same month last year, as industry data revealed on Friday, getting back to surge after a sag in April and with almost all car manufacturers recording sales leaps.
The previous month new passenger car registrations in the EU as well as European Free Trade Association soared to 1.43 million cars, as the Brussels-based Association of European Carmakers informed.
The given outcome is close to May 2007 level, before the economic meltdown hit the car industry.
European car sales got back to annual surge in 2014 after a six-year tumble during which registrations declined to their lowest value in decades. Apparently, demand has been ascending most months as an improvement in retail incentives, consumer confidence and new product launches lured clients back to the showrooms.
The May soar emerged after registrations had slumped last month, considering fewer trading days around Easter and a double-digit sales dip in the UK.
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