According to a Reuters report on June 3, after six years of economic recession, the European auto market has begun to recover. In the first few months of this year, European auto sales were long, but overcapacity, large discounts and a series of preferential policies. Cover up the real market demand. It is reported that the European auto market fell into a downturn in May, and only Germany and Spain maintained sales growth.

Thanks to a series of preferential policies, the German and Spanish automotive industries performed better. Germany's car sales in May increased by 5.2%. Spain grew by 16.9%, maintaining the growth of Spanish car sales for nine consecutive months.

A Barclays car analyst pointed out that PSA Peugeot Citroé¾™n and Opel offer a series of preferential policies and measures to stimulate consumption, which has led to a certain degree of growth in German car sales. In terms of price discount ratio, Peugeot and Citroen reached 24% and Opel reached 25%. He analyzed that at the beginning of this year, the registration of new cars in Germany was particularly low, which also made the growth of German car sales stand out.

The European car market in May was a downturn. Sales of high-end brand vehicles such as Mercedes-Benz and BMW decreased by 0.5% and 4.8% respectively. Fiat Chrysler's sales fell 11% compared to the same period last year. French car sales rose slightly by 0.1%. Belgium fell by 3.51%.

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