21
Jan
00:00
Oil price slump seen failing to spark European car sales in the short-term
The fall in oil prices to a six-year low of under $50/barrel will not lead to a significant short-term jump in European new vehicle sales. It could increase however the rate at which buyers replace their vehicles in the medium term. This is according to Fitch which forecasts a 2.5%-3% year-on-year growth in auto sales in Western Europe in 2015, following a 4.8% increase in 2014.
Demand for cars is seen being primarily driven by other economic variables inclu…
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Anonymous
Very good overview of the weekly steel market.
Anonymous