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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.

ekathimerini.com , Thursday June 7, 2012 (23:12)  
National’s reverse split drags index below 1,100 pts
Greece to raise clean energy taxes to erase deficit in industry
Mavraganis: 218 offshore firms being probed
Gazprom drives hard bargain as sole major bidder for DEPA
Top policeman on trial for robbing migrant trader
The head of the police precinct in Rendi, southern Athens, goes on trial in a Piraeus court Wednesday charged with robbing a Pakistani store owner, trying to blackmail him and getting him ar...
Court rejects local landfill appeals
The Council of State, the country’s highest administrative court, on Tuesday rejected as “groundless” the appeals of two Attica municipalities – Fyli and Marathon – against the creation of t...
Inside News
TRACK & FIELD
Otto records world-leading jump in pole vault in Athens
Germany's Bjoern Otto recorded the world's leading performance in the men's pole vault at the Athens Street Pole Vault event that took place at Zappio, in central Athens, on Saturday afterno...
SOCCER
PAS Giannina stuns PAOK at Toumba
PAS Giannina upset PAOK at Thessaloniki on Sunday to take the lead at the Super League play-offs, while Asteras Tripolis rebounded from its loss at Ioannina in midweek to defeat Atromitos at...
Inside Sports
COMMENTARY
Dividing lines that never fade
Dividing lines – less so between political parties and more so between political cultures and ideologies – do not go away as easily as some would like to think. In the case of Greece, politi...
EDITORIAL
After China, what next?
Prime Minister Antonis Samaras’s recent official visit to China aimed at attracting foreign investment and meeting with his Chinese counterpart proved to be highly successful. The image of t...
Inside Comment
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 RECENT NEWS
1. National’s reverse split drags index below 1,100 pts
2. Top policeman on trial for robbing migrant trader
3. Court rejects local landfill appeals
4. Greece to raise clean energy taxes to erase deficit in industry
5. Greek ombudsman concerned about treatment of minors in migrant detention centers
6. Muslim Association of Greece ups security after receiving threatening letter
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Today
This Week
1. US State Department's religious freedom report voices concern over Golden Dawn
2. PM to brief president on China, Azerbaijan visits, hold talks with Gazprom
3. Gazprom drives hard bargain as sole major bidder for DEPA
4. Greek bond yield curve disinverts
5. Hellenic petroleum structured note draws bets on Greek recovery
6. Troika inspectors to arrive in Athens on June 4
Today
This Week
1. Olympiakos's Euroleague basketball win shows Greeks can 'reach the peak,' says President Papoulias
2. Golden Dawn MP ejected from Parl't after 'Heil Hitler' incident [UPDATE]
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4. Greek economy shrank by 5.3% in Q1 of 2013 as recession continues
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6. Greece isn't turning the corner
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