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January 31, 2012

Europe Passenger Cars Sales Drop for the 4th Year




Total new registrations of passenger cars in the European Union fell by nearly 2 percent in 2011, the European Automobile Manufacturers’ Association reported this week. It was the fourth consecutive year of declines.
 New-car registrations set records in Belgium and Austria, while German registrations were up nearly 9 percent, although they remain below their levels Total new registrations of passenger cars in the European Union fell by nearly 2 percent in 2011, the European Automobile Manufacturers’ Association reported this week. It was the fourth consecutive year of declines.
According to a chart published by Nytimes, in troubled Greece, fewer than 100,000 new passenger cars were registered. That had not happened since at least 1990. In 2007, nearly 280,000 new cars were registered.
In Belgium, more than 50 new cars were registered for every 1,000 people. In Greece, the number was under nine. In Hungary, where new car registrations are less than half their level of four years ago, the figure is about half the Greek level.