Europe car sales grow 5th straight month

MILAN (AP) - European automakers continue to claw their way out of the industry's longest slump ever, posting the fifth straight month of growth in January.

The European carmakers' association said Tuesday that car sales rose 5.5 percent in January to 935,640 units. Still, the industry's six years of contraction set the bar low: sales were the second lowest for January in a decade.

All major markets saw growth: Britain, Spain and Germany all posted more than 7-percent increases and Italy, which is just shaking off recession, saw car sales grow 3.2 percent, the second straight month of gains.

Carlos Da Silva of IHS Automotive says that despite the low volumes, the trend `'is now pointing to future growth," and automakers can switch their focus from survival to revival.


(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Top Stories

  • Record Celebration
    It's a day to celebrate the continued survival and even success of record stores in Seattle
ATTENTION COMMENTERS: We've changed our comments, but want to keep you in the conversation.
Please login below with your Facebook, Twitter, Google+ or Disqus account. Existing MyNorthwest account holders will need to create a new Disqus account or use one of the social logins provided below. Thank you.
comments powered by Disqus
Sign up for breaking news e-mail alerts from MyNorthwest.com
In the community
Do you know a student who stands out in the classroom, school and community?
Help make their dreams come true by nominating them for a $1,000 scholarship and a chance to earn a $10,000 Grand Prize. Brought to you by KIRO Radio and Comprehensive Wealth Management.

Do you know an exceptional citizen who has impacted and inspired others?
KIRO Radio and WSECU would like to recognize six oustanding citizens this year. Nominate them to be recognized and to receive a $2,000 charitable grant.