Western Europe's economic woes
europe car dealership

Capping what has been a miserable year, car sales in Western Europe hit the down escalator in December, falling 16.2%. The European market is at its lowest level in nearly 20 years. Slumping demand, in connection with chronic overcapacity, is driving several automakers to the brink, and more pain is forecast in the coming months. New estimates suggest that Western European sales will shrink another 3% to 5% in 2013.

  @FortuneMagazine - Last updated January 17 2013 01:26 PM ET
Join the Conversation
13 cars to watch in 2013

A look at what's in store for the world's automakers this year will tell a lot about what to expect for cars down the road.

Find Your Next Car

Get the latest car news:

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.