In the summer of 2012 sales of new passengercars in the Eurozone dropped to less than 750.000 per month.

Not many Europeans have saved enough to buy a new car. Most Europeans just borrow money to buy a new car. But the banks don’t trust the borrowers anymore: the economy is shrinking, unemployment on the rise. Without new car-loans, the carsales will continue to drop.

Some governements will consider subsidies to increase the sale of green cars, like electric cars and plugin-hybrids. They will give away taxpayers money to ‘save the climate’ and save the automobile-industry at the same time.

At the same time, traffic jams are vanishing, because Europeans drive less.
In Spain motorists are avoiding the expensive tollroads. The unused asphalt is baking in the sun waiting in vain for cars that have not yet been sold.