The level of new car registrations has been growing in almost all European markets for seven consecutive months now. In the first four months of 2014, automotive sales increased by 7.1% on average within Europe. Compared to the same period seven years ago, however, car sales in Europe are still on average 18.8% behind pre-crisis levels. In some countries that were hit hardest by the crisis, such as Spain and Greece, car sales are still between 47% and 78% down compared to pre-crisis levels. It will be some years before these countries catch up again with pre-crisis economic activity, but the outlook is favourable. In 2010, 36% of passenger cars, or more than 85 million vehicles, were over 10 years old, and these will have to be replaced. Continue reading Vehicle logistics industry says it is time to prepare for an era of solid growth starting in 2015