Car Sales In Europe Hit Bottom; Lowest Since Records Began 1990

Car sales in EU sagging; year-to-date lowest since records began in 1990

FRANKFURT, Germany -- Car sales in Europe are still sagging despite the return of modest economic growth.

For the first eight months of the year, passenger car sales in the European Union were off 5.2 per cent to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said Tuesday. That's the lowest January-August figure since the group started keeping track in 1990.

The August downturn was distributed across Europe's biggest markets. Germany saw a 5.5 per cent drop, despite a stronger economy than in other members of the 17-county eurozone. Registrations fell 10.5 per cent in France, 18.3 per cent in Spain, and 6.6 per cent in Italy.

[link to www.ctvnews.ca]


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Last Edited by Buck Zander on 09/17/2013 03:01 PM