Automotive: south European market in deep crisis

Portuguese car sales -40-50%, negative outlook for 2013

07 January, 17:22

Automotive: south European market in deep crisis Automotive: south European market in deep crisis

(ANSAmed) - ROME, JANUARY 7 - In several southern European countries, car sales dropped significantly in 2012 over the previous year, according to the European Automobile Manufacturers' Association (ACEA). Car sales fell by 13.4% in Spain, by 14% in France, and by 20% in Italy, bringing it back to 1979 levels. In Portugal in the same period, private car sales fell by 44% and commercial vehicle sales dropped 54%, local media reported.

The negative trend looks set to continue in southern Europe, analysts said. ''At best, the 2013 market will remain stable over 2012,'' said a report by the French Automobile Manufacturers' Association (CCFA). (ANSAmed).

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