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Category Archive 'European Cars'

14.11.08

Europe sees car sales slump with recession

- News, European Cars -

By Agence France-Presse

BRUSSELS — New car sales in Europe slumped 14.5 percent in October, the European automakers association ACEA announced Friday, as the global financial crisis plunges the region into recession.

The figures marked the sixth consecutive monthly fall in new car registrations which were also down 5.4 percent for the 10 months to October.

“Reflecting the financial and economic crisis, new car registrations have now decreased for six consecutive months,” the association said in a report.

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