Business News
European car sales slump 3.5 per cent amid debt crisis woes
Dec 16, 2011, 8:02 GMT
Berlin - European car sales slumped 3.5 per cent in November as the region's debt crisis took hold, data released Friday showed.
Releasing the data the Brussels-based European Automobile Manufacturers' Association (ACEA) said the drop was led by steep falls in major car markets in the European Union.
However, Germany bucked the trend to post 2.6-per-cent gain in November car registrations.
In the 11 months ended November car registrations totaled 12.16 million, which represented a decline of 1.4 per cent compared with the same period in 2010.
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