Estonia Fears Consolidation In 2009

According to recent estimates from Estonian autos manufacturers' association AMTEL, car registrations in Estonia dropped by a massive 34.8% year-on-year (y-o-y) to 46,887 units in 2008. Industry experts believe the Estonian market may see major consolidation by the end of 2009, when new vehicle sales are forecast to have fallen by nearly 30% y-o-y, according to Audi

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