RECESSION FORCES CAR PRICES DOWN SHARPLY IN EASTERN AND CENTRAL EUROPE
August 1st, 2010
BY MONIKA HANLEY, ZLATKO ?ONKA?, CRISTINA MUNTEAN, KEITH NUTHALL
CAR prices in eastern and central Europe tumbled during the recession, significantly faster than in western Europe according to the latest data, impeding attempts to create a unified auto market that spans Europe. A key benefit for the European automobile industry from the creation of the European Union (EU) has supposed to be the free sale of cars, vans and lorries between its 27 member states. By removing the bureaucratic barriers preventing such purchases, the EU has tried to create one unified ...
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