Europe’s auto makers are heading for a major decline in sales 2010, according to a new study published on Friday, January 1, which forecast that nearly a million fewer cars will be sold in western Europe this year compared to 2009. “The auto world is re-adjusting itself and that will result in major changes for production sites”, said a study published by automobile industry expert Ferdinand Dudenhoeffer of the University of Duisburg-Essen. Despite the financial crisis, 2009 was the sixth best year for sales worldwide, thanks to car scrapping schemes and government-sponsored economic rescue packages. According to the study, 52.8 million cars were sold in 2009, 5.4 percent fewer than the previous year. Germany bucked the trend with 3.8 million cars being sold, a 24-percent increase on the same period a year ago. In western Europe, the number of sales also rose significantly. In other countries, it was a different story: sales in North America fell by 22 percent to 12.5 million cars. The Russian car industry was hit by slumping sales of around 44 percent. Similar figures were registered by Japan, Canada, Spain and the United Kingdom. Market changes ahead With 8 million cars sold, China is now the… Read full this story
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