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
JULY 15, 2009
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. Reflecting consumer concerns about the general economy, small cars reached a market share of 44.9% in Germany, all of which have fleet renewal schemes in place.
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