CAR
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Only 3% Of Romanian National Car Fleet Is Less Than 2 Years Old
The percentage of cars less than two years old has declined significantly in the past six years, from 23% in 2007, the boom year of the local car market, to 3% in 2012, according to data fro...
Insurers To Contribute 1% of RCA Underwritten Premiums To Road Accident Fund
Romanian insurers which sell mandatory car insurance policies RCA will transfer 1% of gross underwritten premiums on this segment to the fund protecting the victims of road accidents, accord...
Dacia And Ford Production Below Expectations In 2012
Vehicle production in Romania increased by almost 1% year-on-year in 2012, according to the statistics of the Association of Automobile Manufacturers and Importers (APIA), to about 337,800 u...
CSA: Insurers Must Ensure RCA Premiums Will Cover Both Risks, Profit Margin
Insurers in Romania will rethink mandatory car insurance (RCA) policy prices so as to make sure that revenues estimated for an interval of 12 months will cover risks, costs and their profit...
Car Market Returns To 2000 Level
Car sales fell by almost 25% in 2012, to around 71,000-72,000 units, according to car market players, the lowest level in 12 years.
Car Part Manufacturers Hired More Than 2,500 People This Year
Automotive component makers continued to hire and invest this year, a trend that started in 2011, in order to develop the business on the local market.
Fleet Sales Going Strong: Seven Out Of Ten Cars Are Bought By Companies
Companies account for 69% of overall car sales, while sales to individuals fell by 55% in the first ten months of 2012 compared with the similar interval a year ago, according to Business Ma...
Dacia EU Registrations Down 6.8% In October
Romanian automaker Dacia’s new car registrations in the European Union dropped 6.8% in October to about 21,100 units, and the overall EU car market shrank 4.8% to some 959,400 units.
Luxury Car Brands Up, Volume Brands Down Again In First Ten Months
Almost all premium and luxury car brands posted double or triple-digit growth in the first ten months of the year, while volume brands continued to decline because of an almost non-existing...