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Europe might become the largest automotive market
By Yoann Besnard on 11 December 2007 | 
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We regularly talk about the booming Indian and Chinese markets, but without hype Europe might become the world's largest car market by the end of the year. The first rank is traditionally taken by the US.
December sales will be crucial for the two markets as the US leads with 13,583,559 vehicles and Europe follows with 13,572,669 vehicles. Over the same period last year there was a gap of 740,000 vehicles.
The European sales have increased thanks to the dynamic countries in Eastern and Central Europe, but traditional markets have also performed well especially the British and Italian markets. In the meantime, the downturn caused by the rising fuel costs and the subprime crisis have slowed down car sales in the US.
Source: Automotive News
