The European Car Market saw some green shoots in the month of April, bringing an end to an 18-months of rough patch. The car registration for EU-27 recorded a 1.7% growth in April as against same month last year. But according to the European Automobile Manufacturers Association the improvement is mainly due to the fact that April had two more business days in this calendar year than last year. But the question still remains if this is a sign of the end of torrid times for the European Car Market since 2007.
Cara McLaughlin, a spokeswoman for the European Automobile Manufacturers Association, said that because the Easter holiday fell in March this year instead of April as in 2012 and even with the extra days the year-over-year comparison was underwhelming, as car sales in April 2012 in the European Union were the worst on record for that month.
Source: Autobei
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