Europe: Drastic drop in car sales

24 January 2013 - Mark Maffia

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Europe: Drastic drop in car sales


Across the whole European Union the year 2012 showed the lowest demand for new cars in 17 years. Between January and December 8.2 percent less new cars had been registered.

The only growth was reported from the UK markets. Great Britain sold 1.21 million of its built 1.46 million cars to other countries. The demand for British cars had arisen by 15 percent. The growth relates just to domestic cars though, UK trucks, and lorries sold 6.8 percent less.

The decline in Europe’s new car registrations in December was 16.3 percent, which corresponds to 12. 5 million registrations in the 27 member states of European Union.  In December there were just 799, 407 cars sold. The economic issues in this part of the world were the reason that people spend less money for new vehicles.

The world's largest car producer is Germany, which experienced a drop in 2.9 percent in car sales in comparison with 2011. More drastic declines were reported from Italy, France and Spain, where they were over 13 percent up to almost 14 percent.

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