TEXT-Fitch:EU car sales may not fully recover before end of decade

Newswire

(The following statement was released by the rating agency) Jan 30 - A recovery in new car sales in Europe back to pre-crisis levels could take until the end of the decade, if it can be achieved at all, Fitch Ratings says. Our current base case assumes new vehicle sales to decline by approximately 3% in western Europe in 2013 following an 8.1% decrease to 11.8 million units in 2012. This would mean a 23% fall since 2007. Structural factors and anecdotal evidence ...

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