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1.Market Observations, 8.Was Sticky

18 May 2017 (AFR) – World’s carmakers hit pothole as sales fall in key markets – Carmakers are getting that 2009 breakdown feeling

(18 May 2017, AFR, p12, by David Fickling)

‘The world’s auto industry just hit a pothole. Car sales in Western Europe fell 6.8 per cent in April, their biggest drop since 2013, as a late Easter and the effects of tax changes sapped demand in the UK, the region’s second-biggest market. Such local difficulties haven’t overly troubled car manufacturers since 1911, when Ford Motor opened its first factory outside North America in Manchester, England. If one market is looking weak, there’s generally always been another one that’s growing strongly.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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