TALLINN - The Baltic States’ car industry is among the European markets hardest hit by the economic slowdown, according to estimates from the European Automobile Manufacturers’ Association (ACEA). Statistics Estonia shows that the entire automotive industry in Estonia suffered significantly during the economic downturn. Despite showing some signs of improvement at the end of 2009, the increase in sales and growth did not continue to increase in 2010. In 2009, the auto market in the Baltic States was one of the worst hit in Europe as total vehicle sales fell 66 percent, when c...
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