Car registrations down 54.4 pct in Q1

Car registrations dropped 54.3 pct in March this year, compared with the same month in 2010, for a decline of 54.4 pct in the first quarter of 2011, Hellenic Statistical Authority said on Tuesday. The statistics service, in a report, said passenger car sales dropped 55.2 pct in March for a decline of 55.8 pct in the January-March period.

Car registrations totaled 34.145 in the first three months of the year, after an increase of 16 pct in the corresponding period in 2010.

New motorcycle registrations totaled 9,373 in the first quarter, down 21.4 pct from the same period in 2010, after a decline of 6.8 pct in the corresponding period last year.

The domestic car market shows no signs of recovery despite the fact that the government is implementing a program offering incentives to withdraw old technology cars from the market.

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