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Subject shhhhhhhhhh................German March Car Sales Drop 17% (most in 2-1/2 years) on Europe Economy Concern

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[quote:Anonymous Coward 37388862:MV8yMTkwNDI4XzE5OTVDMkQz]
Dont want anyone to know !

German new car sales fell the most in almost 2 1/2 years last month as renewed skepticism over the handling of the sovereign-debt crisis in Europe discouraged consumers from making large purchases.

Registrations in March dropped 17 percent from a year earlier to 281,184 autos, the German Federal Motor Vehicle Office, or KBA, said today in a statement. The drop was the biggest since October 2010, a spokeswoman for the Flensburg- based KBA said in an e-mail. First-quarter sales fell 13 percent to 673,957 vehicles.

German unemployment rose while business confidence and an index in consumers’ willingness to buy fell in March as a botched bank bailout in Cyprus increased concerns the euro region’s recovery will falter. The economy of the 17 countries using the euro has contracted for five consecutive quarters, and Germany’s gross domestic product shrank in the final three months of 2012.

http://www.bloomberg.com/news/2013-04-03/german-march-car-sales-drop-17-on-europe-economy-concern.html
[/quote]

Original Message Dont want anyone to know !

German new car sales fell the most in almost 2 1/2 years last month as renewed skepticism over the handling of the sovereign-debt crisis in Europe discouraged consumers from making large purchases.

Registrations in March dropped 17 percent from a year earlier to 281,184 autos, the German Federal Motor Vehicle Office, or KBA, said today in a statement. The drop was the biggest since October 2010, a spokeswoman for the Flensburg- based KBA said in an e-mail. First-quarter sales fell 13 percent to 673,957 vehicles.

German unemployment rose while business confidence and an index in consumers’ willingness to buy fell in March as a botched bank bailout in Cyprus increased concerns the euro region’s recovery will falter. The economy of the 17 countries using the euro has contracted for five consecutive quarters, and Germany’s gross domestic product shrank in the final three months of 2012.

[link to www.bloomberg.com]

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