Car Sales Weaken In Europe

Debt crisis suppress the ability of European citizens to purchase a vehicle. Large manufacturers such as Ford, Peugeot, and Toyota lead the weakening sales in the region.

European automobile manufacturers association in Brussels noted, registration car sales dropped to 918,280 units per month in January, hitting a record low since 1990. Compared to the same period last year, sales fell 8.5% in Europe.

Ford to close three plants in Europe led impairment, with 26% decrease in sales year-on-year (yoy) to 61,544 cars in the region. Peugeot Citroen of France and Toyota of Japan dropped 16% respectively.

In contrast to the North American automotive business is a bright, predicting market sales decline 3% -5% in Europe for the whole of 2013.

Several other manufacturers noted weaker demand. Volkswagen of Germany recorded a 5.5% weakening during January. While the Audi fell 2.1%. In Germany as a whole, demand fell by 8.6%.

Meanwhile, BMW is leading the increase in demand of 9.4% in Europe. The position of the luxury car manufacturer Mercedes Benz and followed by South Korea's KIA.