Western Europe's economic woes
europe car dealership

Capping what has been a miserable year, car sales in Western Europe hit the down escalator in December, falling 16.2%. The European market is at its lowest level in nearly 20 years. Slumping demand, in connection with chronic overcapacity, is driving several automakers to the brink, and more pain is forecast in the coming months. New estimates suggest that Western European sales will shrink another 3% to 5% in 2013.


  @FortuneMagazine - Last updated January 17 2013 01:26 PM ET
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