May first look: Growth slows to seven-month low, weighed by Germany & France
May sales in Core Europe +6.9% YoY (adj): Growth decelerated to the slowest pace since October after adjusting for selling day effects (+19.1% growth on reported basis). Growth fell from the +9.1% (adj) pace recorded in April and reduces year-to-date growth to +9.3%. All four countries in Core Europe slowed from April, with Germany weighing in particular, and recording its slowest growth for nearly two years. The prior-year Core Europe comparative was a relatively challenging +9.2%. Renault sales rose strongly in May by +22.8% after a disappointing April, to lead growth in the European OEMs.