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Russian Car Sales to Slip upto 50% This Year
Feb 18, 2009 - Automobile sales in Russia are projected to decline this year due to downward movement of country’s economy, low consumer confidence and liquidity crunch in financial market. PricewaterhouseCoopers (PwC) said in a
Indian Auto Industry Tipped Over due to Downturn
Feb 07, 2009 - 2008 is being touted as the worst year for the Indian auto industry due to declining demand, credit crunch and expensive automobile components in the backdrop of economic turmoil. Industry sources have declared 2008, the year of
Vietnam Car Sales Grew 49% YOY but Future Looks Dim
Feb 06, 2009 - Car sales in Vietnam grew 49% during 2008 against 2007, but 2009 will bring in troubles for the industry as the credit conditions are not favorable for growth. As per the Vietnam Automobile Manufacturers Association (VAMA), in
Europe Car sales Plunged to 15-year Low in 2008
Feb 06, 2009 - New car registrations in Europe broke the 15-year record and slumped to lowest level in 2008 due to weak consumer confidence and credit crisis. The European Automobile Manufacturers Association (ACEA) said 14.7 Million new cars
Spanish Car Sales Recorded Biggest Annual Decline in 2008
Feb 05, 2009 - Sales of new cars in Spain fell 28% in 2008 as tight credit conditions and increasing job cuts due to economic recession have reduced the consumer demand. As per the Spanish automobile manufacturers’ association ANFAC, new
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