Car Sales Fail To Pick Up Pace

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New car sales in Latvia fell a staggering 80.2% year-on-year (y-o-y), to 3,179 units in 9M09, according to estimates from the Latvian Authorised Car Dealers' Association (LPAA). BMI points out that the decline, which was a result of a broader recessionary trend in the economy, is a clear reversal from the strong growth that made Latvia the EU's fastest growing market between 2005 and