China, Western European Car Markets Expand, Demand Falters In The U.S.
Car analysts say that Western European car markets seem to be on a secure recovery path, while demand is slowing in the US because of sluggish activity in the construction and other sectors. Pickup sales are about 375,000 units below 2005 peak levels of 2.5 million, whereas other vehicle segments are hitting cyclical highs. Sales figures show the US market losing momentum with May’s growth rate of 4.5% falling below the year-to-date expansion of 6.9%.
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