The European car market was affected by the overall depression economic, which led the European sales continued to decline. According to the latest data from the European Automobile Manufacturers Association showed that in January this year the European car sales fell 8.5%, the continuous decline for 16 month, hit the lowest for 23 years.
According to the statistics, in January, the entire car sales were 918,000 in European, a year-on-year decline of 8.5%. The major auto sales countries including Germany, France, Italy, the Netherlands, Spain and Sweden all was year-on-year declining, among them the France and Italy fell more than 10%, while Germany fell by 8.6% year on year. With the decline in sales, some car firms’ assets seriously diminished, and the emergence of financial crisis. The Peugeot Citroen sales last year was only 55.446 billion Euros, down 5.2% year-on-year, the net loss amounted to 5.01 billion Euros.
