Spaceknow Analytics allows users to monitor the state of play for Europe’s automotive manufacturers.
While the last few years have seen stagnant demand and declining sales, production figures have been maintained with the advent of low interest rates from the ECB.
This global recessionary trend has led to thousands of brand new unsold cars sitting in ports and car parks throughout Europe, slowly deteriorating without being maintained. Eventually to be sold as scrap or recycled.
With 2011 as a benchmark, following satellite imagery is clearly indicative of a continued downturn in demand throughout 2016.