Car Sales in Europe are about to puncture the bottom

New car sales in Europe are still in the darkest period in the past few decades and at least 5 years with the hope of a chance to recover.
Policy tightening spending to reduce national budget situation continues to be punctured during Hurricane financial crisis and public debt is considered the main reason to extend the dark days of the industry automobile industry in the old continent.
This is predicted by most of the leading automobile manufacturers in the world are converging at the prestigious Geneva Motor Show 2013 is taking place in Switzerland.
Director of Ford's business in Europe, Stephen Odell for that automotive business status "still runs in the bottom" as the first two months of this year, as expected by U.S. manufacturers more than half a year on the market this.Agreeing with "colleagues" United States, the leading luxury car maker BMW Europe for that miserable situation lasted at least several years."Frankly we do not expect the situation will soon improve, with mounting debt situation today, at least 5 years to recover," his BMW CEO Norbert Reihofer lament .Demand for cars in Europe are considered to have bottomed derived from widespread unemployment, rising consumer prices and measures to "tighten their belts" of the host government.Last year about 12.5 million vehicles were sold in the market for more than 700 million people, down 7.8% compared to the same period last year, the lowest in 17 years. Even in very strong and stable capital markets such as Germany could not avoid the drop to 10% with red arrow going down in June last private, while the corresponding figure of two other traditional markets, France and Italian is negative 12% and 17%.