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Euro Auto Production Down 35% in First Quarter 2009; Second Half Production May be Down 25%; Small Cars Hit New Record Share

Green Car Congress

million vehicles, according to the latest Economic Report from the European Automobile Manufacturers Association (ACEA). While fleet renewal schemes (vehicle scrappage) have helped segments of the passenger car market in some countries, overall vehicle demand in Europe went further down as well. for passenger cars and 37.6%

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It is good to be small as auto market stumbles

Green Cars News

In the first quarter of the year, production fell to just 3.4million vehicles according to new statistics from the Economic Report from the European Automobile Manufacturers Association (ACEA). Indeed even though schemes such as the vehicle scrappage concept have helped segments of the market, overall vehicle demand went down further as well.