Friday, November 2, 2012

Europe's new car market slumps toward 1993 lows

The western European auto market maintained its sharp descent towards levels last seen nearly 20 years ago as consumers worried about unemployment and euro zone austerity shunned car dealerships in October.

Industry data published on Friday showed that France incurred its 12th straight monthly decline in new car registrations, while demand in Spain continued to plummet.

http://www.reuters.com/article/2012/11/02/us-europe-autos-idUSBRE8A10O120121102