Car sales in Europe are expected to grow in 2015 marking the second year in row the struggling market could post gains. However, one analyst is exercising caution regarding the increase claiming the market is still fragile.
IHS Automotive predicts sales could grow by 2.5% in 2015 after rising by 5.7% in 2014. Last year’s increase was the first in six years since the Great Recession sent the European car industry into a tailspin.
Registrations during the year rose to 12.55 million units. The sales trend in Europe has been steady monthly increases with December marking the 16th straight month of gains. Registrations grew 4.7% year-over-year to 951,329 units in December. (more…)