Trade Resources Industry Trends The European Auto Market Downturn in 2013

The European Auto Market Downturn in 2013

According to data released on January 16th, 2013 European auto market continued to shrink, became the longest time for shrinking in six years, reported by Detroit News. According to data post by the European car manufacturers association, the European Union car sales shrank by 1.7%, to 11.8 million in 2013, the sales fell by 26% in 2007.

The European Auto Market Downturn in 2013

The European car market was expected to fall between 3% and 5% last year, but the fact is not like the original concerns. The better results mostly thanks to strong sales last month last year, growth of 13.3% in December, and expand the sales growth for four months.

 

Written by Dora Men

Source:
Contribute Copyright Policy