New car sales continue slump with seventy-five percent slide

  • 2010-07-15
  • By Linas Jegelevicius
KLAIPEDA - It is riding, but all the way down, to the point where a new car sales recovery should be put off indefinitely. As South American and Asian car sales were on a constant surge in 2009, European car sales have been plummeting since the crisis started in 2008. However, while Western European countries have reversed the downward trend, or are eyeing near-term prospects of bottoming out, Lithuania’s car market is still in a slump.According to Regitra, the state run agency in charge of registering new vehicles, 8,291 brand new cars were registered in 2009, a whopping 67 p...
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