Europe Car Sales in Steep Decline!

General Motors saw a sharp drop in sales in Europe
New car sales in Europe fell by 14.5% in October, the sixth monthly fall in a row, said the European carmakers' association, the Acea.
Car sales in Ireland and Spain were the worst-affected, plummeting 54.6% and 40% respectively, in October.
Even in the new EU member states, once a source of growth, overall sales fell 3.3%, despite a 12.3% rise in Poland.
With demand falling fast, manufacturers are temporarily halting production at some plants to cut their costs.
Brake on sales
In western Europe, the number of cars sold totalled 1,034,955, 15.5% lower than the same month last year.

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