Looks like Europe is up to something … Would it be a massive rollout of premium Acura CL fan shroud? Or, a showcase of thousands of future cars? … Sadly, it’s not. Rather, it is about the growing sales of new cars within Europe, which could possibly bring down U.S. in its thrown being the biggest car market in the world.
Based from a recent research, conducted by Automotive News Europe, the new car sales in US reached a total of 15.6 million units last year. That is equivalent to about 740,000 units more than the sales in Europe.
However, the gap narrowed down by 10,980 units in the first 10 months this year. And, that is close enough for Europe to overthrow the current title holder.
By fact, the recent credit crisis in the US and the surging fuel prices are mainly the hindrance at the midst of its growth.
The time seemed to go well for Europe, on the other hand. The growth in two major markets – Italy and the UK – brought Europe to boost its sales volume throughout this year. Another factor is the increasing demand in central and Eastern Europe.
By numbers, overall European sales surges 1.2 per cent at 13,572,669 units in the first ten months of 2007.
Based from a recent research, conducted by Automotive News Europe, the new car sales in US reached a total of 15.6 million units last year. That is equivalent to about 740,000 units more than the sales in Europe.
However, the gap narrowed down by 10,980 units in the first 10 months this year. And, that is close enough for Europe to overthrow the current title holder.
By fact, the recent credit crisis in the US and the surging fuel prices are mainly the hindrance at the midst of its growth.
The time seemed to go well for Europe, on the other hand. The growth in two major markets – Italy and the UK – brought Europe to boost its sales volume throughout this year. Another factor is the increasing demand in central and Eastern Europe.
By numbers, overall European sales surges 1.2 per cent at 13,572,669 units in the first ten months of 2007.
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