Czech car sales drop 14.9% in December
PRAGUE (Reuters) -- Czech new-car registrations fell 14.9 percent year on year in December to 12,784 units as demand in the recession-hit economy ebbed, the country's Car Importers Association said.
For the whole of 2012, car registrations edged up by 0.4 percent to 174,009 units.
Austerity drives across Europe have cut demand for cars and automakers have warned there is little prospect of a quick turnaround as regional sales sink to levels not seen for nearly two decades.
Volkswagen's Skoda brand remained the market leader with a 30.9 percent market share in 2012, followed by Volkswagen's 8.72 percent and Hyundai's 8.7 percent, according to the association.Contact Automotive News