Seeking Alpha

Analysis: European sales may have bottomed out

  • IHS Automotive's Carlos Da Silva thinks the European automobile market has bottomed out after dissecting the latest round of sub-par sales tallies on the continent.
  • The analyst notes the rate of decline has slowed enough to call a bottom, although the general sentiment in the industry is that any recovery will be choppy at best.
  • Related stocks: GM, F, TM, FIATY.PK, HMC, NSANY.OB, VLKAY.PK, DDAIF.PK, BAMXY.PK, VOLVY.PK
Comments (1)
  • Tdot
    , contributor
    Comments (4499) | Send Message
     
    Through the year, new vehicle sales in Europe are down about 5%, and August was also down about 5%, after being up 5% in July. Sounds like a fairly stable if rocky bottom.
    18 Sep 2013, 08:06 AM Reply Like
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