Car registrations in Europe stood at 3.69 million units in the first quarter of 2011, down 2% over the same period of 2010. The biggest drops have been found in the Spanish and Italian markets.

The car market in Europe needs a fresh air breath. The crisis has wreaked the industry and still there are very difficult times to come. Overall, the car industry has endured with fortitude the stakes of the largest financial downturn since the Great Depression in the 30’s,  but today the car manufacturers are big holdings that, in many cases, are responsible for a great deal of the income of the countries.

The industry leading companies say the sector will re-strengthen from the crisis and will undertake one of the most significant transformations in history: the abandonment of fossil fuels and the expansion of green vehicles.

Several years have passed since the beginning of bad times and finally the European automotive market appears to enter the path of recovery, but that doesn’t mean that they are getting profits.

In March, car sales in Europe totaled 1.6 million units, representing a decrease of 4.7% over the same month last year, according to the Association of European Automobile Manufacturers (ACEA) which also includes non-EU members Iceland, Norway and Switzerland.

The European car market has been weighed down in the first quarter of the negative developments in Spain, where new car registrations fell by 27.3% to 208,151 units, and Italy, where sales fell by 23.1% to 513,710 units. Also fell by 8.7% of deliveries in the UK (558,336 units).

Japan Car industry is just another story.

Recibe todas las noticias, información exclusiva, trucos y novedades de Cars Bikes directamente en tu

eMail:

Article editorbfi