Analysts say Euro Auto Industry up 5%
An analyst’s note from Deutsche Bank suggests that vehicle registrations across Europe could be rising for the second month in succession. Conversations with the industry have led the analyst to predict a rise of 5 per cent, with particular strength in Germany (up 35 per cent) and Italy (up 14 per cent. The UK (+2 per cent) and France (no change) have remained steady, while the other country to have initiated sales through scrappage schemes, Spain is down 14 per cent. The not concludes that Deutsche Bank expects the market to be 3 per cent lower in quarters three and four in 2009, following a 3 per cent decline in quarter two and a 16 per cent drop in quarter one.