Western European auto sales barely budged in September, largely because of a slump in the UK, signaling a “sluggish” recovery from COVID-19 lockdowns, analyst company LMC Automotive said in a report.
Registrations rose by just 0.1 percent in the 17 countries in the region, despite there being one more selling day in the month than in 2019, LMC said Tuesday. The selling rate declined after three months of increase, as pent-up demand and post-lockdown incentives ran their course. August’s selling rate of 15.1 million units annually fell to just 12.7 million in September.
“The abrupt slowdown in the region’s selling rate signals recovery will be sluggish,” LMC said.