CSM Worldwide thinks that car sales in Europe are in for a nasty drop as governments in the West discontinue scrappage schemes that propped up demand in 2009. That would the third consecutive drop.
CSM is forecasting that 2010 sales in Europe will fall 7.9 percent to 16.7 million units. According to CSM, this “follows declines of 13.4 percent in 2009 and 5.1 percent in 2008, when total European sales were 21.0 million units.”
Careful with those numbers. (Read More…)
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