European new-car sales have fallen to the lowest level in more than a decade while American new-car sales have been recovering. Over the last year, sales have increased in only three of the 20 largest countries in the European Union — Britain, Hungary and Denmark. In none of them have sales risen as rapidly as in the United States.
Historically, car sales are a good leading indicator of the economy, so a continuing downturn in new car sales in Europe speaks volumes. The UK, Denmark, and Hungary are not in the eurozone: they have their own currencies and are avoiding the worst of the euro debacle.