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Greek Auto Purchases Decline After Short Boost

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Auto purchases in Greece experienced a swift downfall in July, after experiencing an increase in recent months.

As confirmed by the Hellenic Statistical Authority (ELSTAT), 8,181 new cars started actively driving in the nation, in comparison to last July that marked 10,744, resulting in a 23.9% loss, as reported by Kathimerini.

The reduction is predicted to remain for the next couple of months, while the brief sales boost was not a large enough amount to cover the sales deficits between 2009 to 2013.

In July 2015, 6,856 new automobiles were purchased, while 8,976 were acquired in July 2014. Trucks experienced the largest decline at 25.4%, while busses held a 16.7% loss.

The Foundation for Economic and Industrial Research (IOBE) determined that a mere 2.5% of citizens stated that they would probably purchase a car, within the year, this past July.