Wednesday, July 17, 2013

Euro car sales plummet to two-decade low

Euro car sales plummet to two-decade low

Just three months ago, as of April, the story was that the European car market registered its first gain in 19 months, consumer confidence was up "higher than average" and observers were hoping the month could be the first footstep in the trek to "legitimate recovery," even though Europe's four-month sales were down seven percent. The stats for June are a return to dark portents, with Bloomberg now reporting that sales for the month haven't been this bad since 1993. As a result, investor confidence in Germany has taken a dive and Eurozone exports have fallen for a second straight month.

Autoblog , Euro car sales plummet to two-decade low, Euro car sales plummet to two-decade low

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