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European car registrations dropped for the 18th consecutive month in March, slumping 10% to...

European car registrations dropped for the 18th consecutive month in March, slumping 10% to 1.35M vehicles. Germany led the way as sales skidded 17%, while Spain, Italy and France all fell, although the U.K. rose 5.9%. GM (GM) registrations -13%, Ford (F) -16% and Toyota (TM) -17%, although Honda (HMC) +17%. "People have stopped buying cars as consumers are much less confident of the future, especially after the latest decision on Cyprus," said analyst Hans-Peter Wodniok. (PR)
Comments (1)
  • frosty
    , contributor
    Comments (690) | Send Message
     
    Austerity trickles down to the consumer and forward to the future. How will Europe break the cycle?
    17 Apr 2013, 08:33 AM Reply Like
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