Valmar, APIA: One In Four Car Dealers Faces Insolvency

05.28.2014 By Bogdan Alecu

Romania's automotive market plunged almost 80% between 2008 and 2013, from almost 370,000 new cars sold in 2007, to a little more than 82,000 last year, therefore, 25% of some 400 dealers in Romania closed down their businesses or went insolvent during this period, according to data provided by Romania’s Automotive Manufacturers and Importers Association (APIA).

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Keywords:
APIA
, car market
, Brent Valmar
, clunkers