EU car sales down 8.2 percent in 2012

  • New car registrations in the European Union dropped by 8.2 percent in 2012.

    According to the European Automobile Manufacturers' Association, carmakers across the 27 EU nations saw 12.05 million new registrations last year, the lowest level seen since 1995.

    Of the major markets, the United Kingdom was the only one to grow, up by 5.3 percent from 2011.

    Sales in Spain fell by 13.4 percent, in France they dropped by 13.9% and in Italy they were down by 19.9 percent from 2011.

    Germany, the largest economy in Europe and one of the biggest car manufacturers in the world, saw its car sales decrease by 2.9 percent in 2012 compared with the previous year.

    Car registrations in Greece, which is in deep recession, plummeted 40.1 percent from 2011.

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