Car acquisitions were significantly reduced during April 2012 in comparison to last year’s figures, according to data by the Hellenic Statistical Authority (ELSTAT). Passenger car purchases were reduced by 55.6% in April in comparison to April 2011, while in April 2011 the same decline rate was 17.1%, in comparison to April 2010.
The decline in income results in dramatic decline in sales, despite the efforts of businesses to make competitive offers. In this year’s April ELSTAT figures, vehicle sales shrunk by 52.7% compared to April 2011, while the respective decline was 20.2% in comparison with 2010 figures for the same period.
ELSTAT data also shows that during the first quarter of 2012, 29,244 cars (new or used from abroad) were purchased, presenting a 37.4% reduction compared to the respective period in 2011. The first quarter of 2011 had shown a 48.4% decline compared to January-April 2010 sales rate.
The major decline on four-wheels seems to have affected motorcycles as well. The reduction compared to 2011 is 25.5%, while the same rate was 25.7% comparing 2010-2011 figures. During the first quarter of 2012, 8,951 new motorcycles were acquired compared to 13,700 in 2011, exhibiting a 34.8% decline. The first quarter of 2011 presented a 22.8% decline compared to the same period in 2010.
The above figures are interpreted as a result of the austerity measures and the recession Greece is experiencing.
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