Germany’s IFO Institute is picking up negative vibes too in its March report.
LMC Automotive’s regular monthly sales report raises its Western Europe forecast a bit for 2023 to a gain of 7.9% to 10.96 million sedans and SUVs, up from its previous month’s forecast of plus 7.8%. But it concedes that the market carries some worrying features. “At some point, possibly later this year, though unlikely sooner than that, rising supply should meet falling demand,” Kelly said.
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