Bloomberg reported that European Union car sales fell to a 19-year low, as a recession in countries using the euro hurt demand.
Bloomberg said, according to the European Automobile Manufacturers’ Association, eleven-month registrations in the 27-nation EU fell 7.6% to 11.3 million vehicles, the lowest figure for the period since 1993. The decline was propelled by a 10% plunge in November.
The trade association has predicted a full-year market contraction to about 12 million cars, the fewest cars sold in Europe since 1995 and the sharpest decline since 1993.
To read the Bloomberg story click here.
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