BUSINESS

Car sales grinding to a halt

New cars on Greek roads posted a dramatic 46.9 percent decline in May on a yearly basis, as few are willing to buy a new vehicle in the midst of the crisis.

Hellenic Statistical Authority (ELSTAT) data show that 6,826 cars came into circulation in Greece last month, including 1,288 used vehicles from abroad. In the first five months of the year there were 36,070 newly registered cars.

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