New car sales drop eight percent. First decrease in seven years

Car sales dropped eight percent in 2016 to 36,325 vehicles, according to the Automobile Importers Association (AIA), almost the same number as in 2013. It is the first yearly drop since 2009. In 2015, sales reached record levels, after recording a four percent increase.

The largest drop was in Japanese cars which decreased to 12,445 (minus 11 percent), followed by a seven percent drop in European cars to 7,557. The market for new American cars increased 15 percent to 2,603, compared to 2...

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