Romanias H1 new car sales down by 14.7% y/y.

By bne IntelliNews July 22, 2011
Romania's new car sales dropped by 14.7% y/y to 50,272 units in H1, Mediafax reported, quoting car importers and exporters association APIA. The sales of passenger cars shrunk steeper than the average, by 18.3% y/y to 43,233 units as the consumption remains subdued on a combination of scarce financing and low consumer confidence. On the upside, the sales of commercial vehicles increased by 14.2% to 6,618 units, confirming the economys recovery. The production of vehicles dropped by 2.9% y/y to 177,679 units in H1 mainly on a 5.3% y/y decline in their exports to 155,442.
Notice: Undefined index: social in /var/www/html/application/views/scripts/index/article.phtml on line 259

Related Articles

Romania to spend EUR 37mn in 2013 to close down loss-making coal mines.

Romania's government has earmarked RON 163mn (EUR 37mn) worth of subsidies for 2013 under a programme aimed at closing down the loss-making mines of local company CNH located in the southwestern ... more

Romanias Hidroelectrica sells nearly 0.3TWh of electricity on free market.

Romanian state-controlled hydropower company Hidroelectrica sold on Thursday, March 21, in several separate contracts a total of 0.3TWh of baseload electricity deliverable between April 1 and the ... more

Romania to start privatisation of cargo railway company on April 6-8.

The Romanian government will publish the privatisation call for freight railway company CFR Marfa immediately after the consultants complete their work, probably on April 6-8, Romanian transport ... more