EU Sales up 8 percent in second worst February in written history

Dacia Sandero

You will hear this again a few times more: Car sales in Europe are up, “However, in absolute figures, the total of units registered marked the second lowest result to date for a month of February since ACEA began the series in 2003 with the enlarged EU,” says the EU automaker association ACEA. [Continue Reading]

Japan in February 2014: The boomlet continues, with a crashlet not far

The little kei cars are the stars of Japan

The little kei cars are the stars of Japan

Overall Japanese new automobile sales rose 18.4 percent in February, combined data of the Japanese deal association JADA and the Japan Mini Vehicles Association show. The increase was not as strong as in January, when overall sales rose 29.4 percent. Japan will increase its sales tax from 5 percent to 8 percent in April, causing a boomlet in high ticket items  such as cars, houses, and jewelry, expected to be followed by a crashlet come April. [Continue Reading]