Popularity of small cars curbs car sales turnover

In spite of the fact that more cars were sold in the second quarter of 2008, turnover in this branch was lower. Compared with the same period in 2007, turnover was 2.4 percent down. In the first quarter of 2008, too, sales of new cars increased, while turnover was down on twelve months previously. Just over 4.9 thousand more new cars were sold in the first half of 2008 than in the same period last year: an increase of 1.7 percent. The extra sales were accounted for by small cars and popular medium-sized cars, however. Sales of large and luxury models, and cars in the higher price range decreased. Profit margins on small cars are much smaller than on larger luxury cars.

Sales of new cars, by category