Credit Risk Dampens Sales Growth Propsects

Croatia's new vehicle sales market has witnessed something of a rebirth in 2011, after two consecutive years of heavy decline. Indeed, after plunging 53.1% year-on-year (y-o-y) in 2009 to fewer than 45,000 CBUs sold, 2010 saw additional declines, with new car sales falling by a further 14.1% to just 38,547 units. However, the story for 2011 has been a lot more encouraging, with sales over the first 11 months of the year showing a 10% y-o-y rise to 38,985 units.

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