ECONOMY

Car sales decline by 43.7 percent this year

Hundreds of imported cars remain unsold as sales dipped considerably in the first five months of the year.

Hellenic Statistical Authority data indicate that the annual decline in sales in the January-May period came to 43.7 percent, as just 59,604 new cars have been registered this year against 105,911 in the same period in 2010.

Despite government measures to provide incentives for drivers to withdraw older vehicles from circulation, the market remains particularly quiet.