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European new-car registrations slumped 16.3% Y/Y to 799,407 vehicles in December, the sharpest...

European new-car registrations slumped 16.3% Y/Y to 799,407 vehicles in December, the sharpest decline since October 2010, as high unemployment and an unwillingness by banks to finance consumer purchases took their toll. For 2012, EU sales -8.2% to 12.05M, the steepest annual drop since 1993. GM (GM) and Ford (F) sales in Europe cratered 27% each in December, although Korean brands Hyundai and Kia, with their affordable cars and long warranties, climbed 10.5% and 6.8% respectively.
Comments (6)
  • The more Big Government spends, taxrs, borrowa, regulates and issues fake money the less the capacity of EU members to create real long term wealth and hence real income and jobs.
    More Government= Fewer Jobs
    16 Jan 2013, 05:31 AM Reply Like
  • The slow implosion of the EU zone....Japan next....then the USA....but trillions more printed....trillions wasted
    16 Jan 2013, 07:06 AM Reply Like
  • What percentage of F and GM's sales come from Europe?
    16 Jan 2013, 09:03 AM Reply Like
  • Through the first 9 months of 2012, Ford's wholesales were:

     

    2.029M in North America - or ~ 49%
    1.029M in Europe - or ~ 25%
    725k in Asia-Pacific-Africa - or ~ 18%
    354k in South America - or ~ 9%

     

    4.134B Total

     

    Ford's goal is for Europe and Asia to grow (or rebuild) to about a third of total sales each, becoming roughly comparable to current sales in The Americas.
    16 Jan 2013, 01:18 PM Reply Like
  • tdot,

     

    Thank you.

     

    I think your total was meant to be millions rather than billions :)
    16 Jan 2013, 03:23 PM Reply Like
  • woops, yes.
    16 Jan 2013, 07:00 PM Reply Like
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