The european auto sales reported today that more newly cars were sold in the Eurozone in the past 12 month then had been in the earliest years. “The increase was a tiny one, just .4 percent,” Floyd Norris says. This increase portrayed a return in economic growth in Europe. Countries that benefited from this growth were amongst those countries who experienced most of the recession. Countries like Greece, Portugal, Spain and Ireland had 10 percent increase than did in the previous years. However, this increase could be the result of a decline in prices of the newly cars, but the economy in the Eurozone seems to be recovering.
http://economix.blogs.nytimes.com/2014/04/17/in-europe-auto-sales-are-still-low-but-they-are-rising/?_php=true&_type=blogs&ref=economy&_r=0
Its good to see that there is some economic growth occurring in Europe, especially in the countries that experienced the worst of the recession. It is quite possible that the increase in sales was a result of a decrease in the prices of cars. I don't necessarily think that it is a bad thing that new cars have decreased in price/value. With cars being at a lower price more people will be able to afford to buy them which will increase sales for automotive companies, accompanied with an increase of consumption. Both of these increases contribute positively to economic growth, and can lead to a brighter future for Europe.
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