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2.5 EUROPE
2018/01/21
Europe was hit with intense heat in 2016, and RACs were hot sellers from the start of the season, resulting in inventory shortages in countries like Italy. In contrast, the temperatures were not so high from April and May in 2017, delaying the start of the RAC season and causing inventories to rise. Temperatures rose from the middle of June in Southern Europe including in France, Spain, and Portugal. Italy, Europe’s largest RAC market, was not so hot in northern area, which accounts for about 60% of the country’s whole market. At the end of June, the heat wave moved from Southern to Eastern Europe and the stagnant RAC markets in Bulgaria and Romania.
 
RACs
 
Europe’s RAC market in 2017 slowed compared with the significant growth posted in 2016. Total annual sales in 2017 approached 5.9 million units, up 2.6% from 2016.
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