Rating Firms Forecast Falling Car Sales, Rising Overcapacity for Europe Next Year PARIS – Europe’s car sales, down 0.9% through October, are expected to fall another 3%-5% in 2012, and emerging markets won’t grow fast enough to buffer the shock, a leading French insurance-rating company says. Overcapacity in Europe could hit 20%-25% next year, the firm Euler Hermes predicts. At that level, according to a general rule of thumb, profitability is doubtful. Since the ...
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