Car Sales Bounce But Still Below Peak

Latvian auto sales have started to bounce back, with the country posting the second fastest auto sales growth in the European Union. According to statistics from the European Automobile Manufacturers Association (ACEA), Latvia saw 431 new car registrations in September 2010 - up 79.6% from September 2009's 240 new registrations. Latvia's recovery has exceeded many expectations, however the total sales are still down significantly on their 2007 peak. This dramatic rebound was only exceeded by the Republic of Ireland, which saw registrations grow by 93.9%. Overall, Europe saw declining car sales, with 1,261,643 new car registrations in 9M10 -

To read the full article, please choose one of the following options: