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Jun 9, 2005

MARKETS - EUROPE - J.D. Power-LMC report on May European car market

UK -Auto Industry -8 Jun 2005: -- Western European car sales fell 1.1% in May, year-on-year. The seasonally adjusted annualised sales rate for the month stood at 14.30m units/year, confirming the currently weak sales environment. A strong implied rate came in from Germany, although even this key market failed to help offset declines elsewhere. Improvements also came in from two other major markets, France and Spain, although the same could not be said for the UK... Italian registrations were the big disappointment in May — the selling rate dropped to 1.58m units/year in the face of a supply chain strike...

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