- Join the France 24 community here
- Log in
Latest update: 15/01/2009
- auto industry - European Union - financial crisis
European car sales post sharpest drop in 15 years
New car sales fell by 7.8 percent in Europe in 2008, the largest yearly drop in 15 years, the European automakers association ACEA has announced. In December alone, registrations decreased by 17.8 percent.
AFP - New car sales in Europe slumped by 7.8 percent in 2008, the biggest annual drop in 15 years, the European automakers association ACEA announced Thursday.
In December alone, European registrations declined by 17.8 percent, the second worst performance of the year following the stunning 25.8 percent drop the previous month.
December's figures, though bad, were cushioned by an average of two extra working days during the month, ACEA said.
European new passenger car registrations fell to 14,712,158 over the year with much of the decline logged in the final quarter after the eurozone officially went into recession.
In western Europe demand fell by 8.4 percent over the year while in the newer, mainly more eastern EU states, the numbers were only 0.7 percent down on the 2007 figures.
Related Content
‘Darth Vader’ demands free land from Ukrainian government
Browse all editions
FRANCE 24 PARTNERS
Comments (1)
Car sales decreases, car parts and accessories sales increases
European new passenger car sales fell 7.8 percent in 2008, their sharpest fall for 15 years. I heard that its because of their car parts that make them fall.. also they were selling cheap lift kits and cheap car parts to increase their revenue.