European car sales down 17.2% in Q1 2009; Germany up 18%; Ireland dips 64.9% and Iceland tumbles 91.3%
Apr 16th, 2009 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Declining for the eleventh consecutive month, passenger car registrations in Europe fell by 9.0% in March compared to the same month last year. The result was lifted by the on average 3 more working days across the region and the effect of fleet renewal schemes in a number of countries. Over the first quarter of 2009, the market was down by 17.2% with a total of 3,439,720 new registrations compared to 4,154,778 units in the same period last year. Germany was the only market to grow while Ireland and Iceland led the declines.