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Athens News Agency: News in English, 05-07-13

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek car market shows signs of fatigue in 2005, report

  • [01] Greek car market shows signs of fatigue in 2005, report

    New car registrations totalled 288,786 units in 2004, up by 31,786 from the previous year, a report by Hellastat citing official figures by the Association of Car Importers and Dealers said on Wednesday.

    Small and medium-sized cars, due to their affordable prices, cars with a taxed engine horsepower of 11hp and family multi-purpose vehicles were the top winners in the Greek market last year, with the latter category raising its market share to 6.5 percent, approaching a 12 percent average share in Europe.

    The Greek car market, however, is showing signs of fatigue in the first months of 2005, a development expected after the surge of 2004 due to the Olympic Games and in line with a slowdown in other sectors of the economy. Car registrations were down also in Europe, with sales falling 1.4 percent in the first five months of 2005 compared with the corresponding period last year.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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