Sales Recovery Unlikely Before 2015

The 3.5% year-on-year (y-o-y) fall in new car sales in the UK in July is further evidence of the continuing fragile economic recovery in the country. With 7M11 sales at 1.61mn units, down 6.7% compared with the same period last year, we believe our forecast for a near 5.5% y-o-y drop by the end of the year remains firmly on the cards.

To read the full article, please choose one of the following options: