Europe in January 2014: Leveling off at a low level

Fraternite, egalite, frugalite ...

Fraternite, egalite, frugalite …

Sales of for new passenger cars in the EU rose 5.5 percent in January, “for the fifth consecutive month,” as Europe’s auto manufacturer association ACEA says. Most likely, the news will be feted as a big turn-around by the media and certain pale-around-the-nose carmakers that need every ray of hope. Another message by ACEA will most likely be overread: “However, in absolute figures, the total of 935,640 units registered marked the second lowest result to date for a month of January since ACEA began the series in 2003 with the enlarged EU.” [Continue Reading]