Industry Trend Analysis - Western Europe's Two-Speed Vehicle Market - JUNE 2017
BMI View: Divergence in vehicle sales growth amongst Western European countries will strengthen in 2017 as Germany, Austria and the Nordic countries benefit from rising consumer confidence while other Western European markets suffer from weak or declining consumer sentiment.
In our latest regional overview for Europe, we forecast European vehicle sales to increase 2.4% in 2017 and we highlight a growing divergence in vehicle market growth rates in developed, Western European markets. While Germany, Austria and Nordic countries benefit from strengthening consumer confidence and purchasing power, other markets in Western Europe will see consumer confidence continue to dip or stagnate, leading to slower growth or even declines in sales.
Western Europe Divided
|Shine Coming Off The European Growth Story In 2017|
|Europe (Region) - Vehicle Sales Forecast, Units|
|f = BMI forecast. Source: National sources, BMI|