Car sales to drop in coming years

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Car sales to drop in coming years

Nov 12, 2008
By TBT Staff

New car sales are set to nosedive in the next few years.

RIGA - Car dealers and monitor forecasts are optimistic that despite the current economic crisis, new car sales and registration will start improving in two to four years after a sharp dip in the short term. Janis Pormalis, the head and co-owner of a Nissan dealership, Motorcentrs, said car sales depend on the general state of the world economy and the policy of leasing providers. In Latvia, leasing companies have set restrictions, slowing down car sales substantially in September and October ...

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