Car sales fall by 19.8 pct in Dec but rebound for fourth successive year in 2016

EconomyMacroeconomy Tags: Cars, ELSTAT
Photo by David Rankin
Photo by David Rankin

Road motor vehicles (going into circulation for the first time) fell considerably by 19.8 percent in December following a rise of 18.4 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday.

As a result, car sales dropped again below the 10,000 mark to 7,607 in December, which is the second lowest reading this year. In the course of 2016, car sales peaked at 17,290 in May, while the year low of 6,990 was recorded in February.   

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