Greece’s car and motorcycle market sales saw a sharp increase after years of stagnation during the financial crisis that hit the country.
According to ELSTAT, the Greek Statistics Authority, the sales of cars and motorcycles had an increase of 15 per cent during the period between April and June 2018, compared to the same months of 2017. Compared to the first three months of 2018 the industry saw a boost of nearly three per cent.
Greece’s car industry was hit hard by the austerity measures implemented after 2010, forcing many of the people working in the sector to lose their jobs.
Experts say that car sales are one of the first to be hit by a recession since people who try to save money are not willing to buy new vehicles, due to the wage cuts and the increase of the gas prices and taxes.