APIA: Local auto sales down 12 pct in first 5 months of 2012

Sales of passenger cars and commercial vehicles fell by 12 percent in the first 5 months of 2012 compared to the same period of last year, the Association of Automotive Manufacturers and Importers (APIA) informs in a release. Sales of passenger cars plunged by 11.9 percent.'The situation is kind of similar to what is happening in the EU (minus 7.7 percent), with states (developed states) reporting 41 percent - 43 percent declines,' the APIA ...

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