OMIC strife in the Eurozone is piling increasing pressure on the car industry, according to figures released yesterday.
Car registrations across the European Union area in the first three months of the year were down 9.8 per cent compared to the same period in 2012.
The fall in demand for new cars in March was the 18th straight month of decline, the European Automobile Manufacturers’ Association (ACEA) said, with 1.3m cars registered – down 10.2 per cent on a year earlier.
The UK remains one of the few corners of the continent where demand for new cars is growing. In March UK registrations were up 5.9 per cent, while plummeting 13.9 per cent in Spain, 16.2 per cent in France, and 17.1 per cent in Germany.
“From January to March, except for the UK, all major markets faced a double-digit downturn,” the report said.