Nearly 16 million new cars were registered in Europe (EU27+EFTA) in 2007, or 1.1% more than the year before. Soaring oil prices, changes in taxes, shrinking credit availability and purchasing power restrained buyers’ confidence and the demand for new cars in some of the Western European countries (+0.2%). In the new EU member states, where car density is still much lower and many households have been able to afford buying a new car only recently, a steady growth was recorded throughout the year (+14.5%). Read full new...
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