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Bleak State of the European Automobile Economy yet Germany Bucks the Trend

Registrations fall 6.4% in December and have been falling harshly for 4 consecutive months signaling a more trouble in the near term. In a report released this morning by the European Automobile Manufacturers Association, passenger car sales across the entire EU fell by 6.4% to 953,108 units in December. Year over year, new car demand was off a less damaging but still worrying 1.7%, bringing the total number of units registered at 13,111,209 and lower for the fourth consecutive year.

Bleak State of the European Automobile Economy yet Germany Bucks the Trend
xcel, Jan 17, 2012
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