Car sales show signs long-term decline is bottoming out
New vehicle sales’ leap in May welcomed, but insiders caution on Covid-19 distortion
It may not have been the 6,000% year-on-year leap of a month earlier but motor companies say they can live with May’s “mere” 197% improvement in new-vehicle sales.
Figures released on Tuesday by the Automotive Business Council (ABC) show that May’s market for cars and commercial vehicles almost trebled compared with May 2020 — from 12,874 to 38,337. Vehicle exports enjoyed a similarly ridiculous leap. They grew by 196.8%, from 11,901 to 35,326...