EU car sales plummet by over a quarter

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EU car sales plummet by over a quarter

BRUSSELS (AP): The European car manufacturers' association says European sales of new cars have plummeted by more than a quarter over the past year, sinking to the lowest level in two decades.

The Association of European Automobile Constructors says car sales in January declined by 27 percent compared with the 2008 figure.

In recession-hit Iceland sales dropped by 88 percent, in Latvia by 77.5 percent and in Ireland by 66 percent. France is the only nation to keep the losses in single digits with a decline of 7.9 percent.

Overall, the January figures announced on Friday dropped below the million mark at 958,500 cars for the lowest level in two decades. The Hindu