Ve­hi­cle sales slump af­ter 2015 re­cov­ery

Kathimerini English - - Front Page - DIM­I­TRA MANIFAVA

Car sales posted a rapid de­cline in July as the growth tra­jec­tory ob­served in pre­vi­ous months came to an end. The slide is ex­pected to con­tinue for the next few months, while the short-lived in­crease in sales was not enough to off­set the losses recorded from 2009 to 2013.

Ac­cord­ing to the Hel­lenic Sta­tis­ti­cal Au­thor­ity (ELSTAT), 8,181 new cars went into cir­cu­la­tion on Greece’s roads last month com­pared to 10,744 in July 2014, a de­crease of 23.9 per­cent.

New pas­sen­ger ve­hi­cles were down by 23.6 per­cent com­pared to the same month last year with 6,856 new ve­hi­cles cir­cu­lat­ing com­pared to 8,976 in 2014. For buses, the re­duc­tion was 16.7 per­cent while trucks showed the big­gest fall at 25.4 per­cent.

Due to the jump in sales in June this year, the first six months showed in­creased sales ver­sus the same pe­riod in 2014, with car sales up by 18.4 per­cent.

The fall in sales is ex­pected to be sig­nif­i­cant as the growth fig­ures in­clude cars or­dered be­fore cap­i­tal con­trols were en­forced.

Fig­ures from the Foun­da­tion for Eco­nomic and In­dus­trial Re­search (IOBE) showed that in July 2015 only 2.5 per­cent of Greeks said they were likely to buy a car in the next 12 months.

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