Europe’s automobile sector drops

ISTANBUL - Anadolu Agency

Automobile market of Europe shrank by 3 percent in the first ten months year-on-year. REUTERS photo

Europe’s automobile market shrank by 3 percent in the first ten months year-on-year, Turkey’s Automotive Distributors’ Association (ODD) announced yesterday.

The automobile sector in the European Union (EU) and the European Free Trade Association (EFTA) fell to approximately 10.4 million between January and October of 2013 with a 3.1 percent decrease from the same period a year earlier.

Holland showed the most dramatic fall with 25.4 percent, followed by Romania with 16.5 percent and Slovakia with 8.5 percent. However, Estonia became the country that raised its automobile sale most in this period with 14.7 percent, followed by the United Kingdom with 10.2 percent and Portugal with 8.1 percent.

Also, the automobile sector in the EU and the EFTA showed a 4.6 rise in October from the same month a year earlier, totaling approximately 1 million.