News Summary: European car market grows again

Staff Writer
Columbus CEO

REARVIEW MIRROR: The European car market may finally have hit bottom. The continent's carmaker's association released figures showing a second consecutive month of sales growth for the first time since September 2011.

HAZARDOUS CONDITIONS: There remains reason for caution: Despite the month-on-month increase, October sales were still the second-lowest for a month in the decade since the association started compiling statistics. For the first 10 months of the year, sales fell 3 percent.

UNEVEN SURFACE: In Italy, the car market shrank 5.6 percent last month to 110,841 units, and was down 8 percent for the 10 months through October to 1.1 million cars. That's in contrast with Great Britain and Spain, which are now showing growth for the year after posting October unit sales increases of 4 percent and 34 percent, respectively.