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Car Sales Down in Germany, France, and Italy; The US is Next

Dr_Zinj Wrote: Mar 05, 2013 8:53 AM
Hmmm. Maybe it's time to start shopping for a new car. The sales people should be more willing to cut a better deal.

European bulls lauding the message "the worst is behind" received another dose of reality today. Data shows German car sales plunge as Europe's auto crisis deepens.

New car sales in Germany fell by more than 10 percent year-on-year in February, signaling the crisis for Europe's auto makers is deepening as recession-hit consumers curb spending. New car sales in the region dropped to a 17-year low in 2012.

Speaking ahead of the industry meeting in Geneva, the...