The Greek market has plummeted 80% since 2007
 

The Greek market is the one that has fallen the most in Europe since  the 2008 financial crisis. This market has in fact gone from 280 000 sales of new cars in 2007 to just 58 000 units in 2012, amounting to an 80% fall in sales over a 5-year period.


Greece's economic context has played a predominant role in the downturn in the motor vehicle market.


Thus, in 2012, the Greek market fell back down to the level it reached in the 1960s, cancelling out the spectacular growth experienced in the 1990s, when the market reached a peak of 300 000 units per annum.


All of the manufacturers have been adversely affected, even though the VW Group is managing to stand out from the pack.


It is still difficult to make forecasts for the years 2013-2017 given the depth of the economic malaise, but for the time being, a reversal in the trend is not envisaged. The Greek market again fell 21% in February 2013 (compared to February 2012).


 13-11-2

 Data sourceFile #55 - Registrations in the world by makes 

  

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