The latest batch of numbers on car demand in Europe is out from the European Automobile...

|By:, SA News Editor

The latest batch of numbers on car demand in Europe is out from the European Automobile Manufacturers' Association with 2013 starting off with demand just as soft as last year. Registrations dropped 8.5% to 918,280 with Ford (F), Peugeot (PEUGF.PK), and Toyota (TM) posting sharp declines. Though sales are forecast to pick up in some areas of Europe this year, most automakers see the market shrinking between 3% to 5%.