The Western Europe selling rate slipped to 9.5mn units/year in July, at the year-to-date (YTD) average of 9.5mn units/year, the LMC Automotive* said today. “July saw a decline in new vehicle registrations year-on-year (YoY) across most countries,” LMC said. The c consultancy said this “ relates to the ongoing supply issues, exacerbated by the conflict in Ukraine and recent China lockdown.” Well partially yes, but AutoInformed’s reading of economic data leads us to believe that Europe is in a recession as the US economy is growing.