European car sales are sliding to a 20-year low after German concerns over the debt crisis sent demand plunging last month in the region’s biggest economy and removed the main buffer protecting automakers.
Registrations in March fell 10 percent to 1.35 million vehicles, the 18th consecutive decline, with Germany’s auto market plunging 17 percent, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today. First-quarter deliveries in the region dropped 9.7 percent to a record-low 3.1 million cars.
Wednesday, April 17, 2013
Europe Car Sales Heading for 20-Year Low on German Slide - Bloomberg
Europe Car Sales Heading for 20-Year Low on German Slide - Bloomberg
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