News
WardsAuto logo
FinancialsEurope Almost at its Peak Incentives help push sales to near-record levelsEurope Almost at its Peak Incentives help push sales to near-record levels
It's almost there, but not quite.The European auto market nearly reached peak levels in 1997 and it may get even closer in 1998.By the end of this year, European sales are expected to increase 3.9% to 13.3 million units - just 1.5% short of the all-time high reached in 1991. Next year, sales are expected to approach 13.5 million.Sales increases since 1993 are a result of government incentive programs