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Skoda losing ground as luxury models gain.

Europe Intelligence Wire

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(From The Slovak Spectator)

Byline: Marta Iurianova Spectator staff

Automotive - New car sales up over 10 percent from last year ANNUAL sales of new cars in Slovakia continue to rise but are still well below average per capita rates in wealthier countries due to low domestic purchasing power.

According to data from the Slovak Automotive Industry Association, 44,768 cars and small utility vehicles were sold in Slovakia during the first seven months of this year, a 10.

5 percent increase from the 40,517 cars sold from January to July 2005.

This years figures put full-year sales on track for about 76,000 vehicles, compared to 71,296 sold in 2005 and 65,442 in 2002.

Andrej Glatz, director of Daimler Chrysler Automotive Slovakia, told The Slovak Spectator that the number of cars sold continued to be limited by the relatively low Slovak standard of living.

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