Used car registrations more than halved to 94,488 units, from 214,606 units in 2010, according to the ministry’s license and car registration division.

In December alone, new car registrations stood at 7,721 units, down 38.1% from 12,472 units in the same month a year earlier.

Dacia, made locally by French Renault’s unit Dacia Automobile, was the best-traded brand on the local new cars market with 23,585 units in 2011, followed by Volkswagen with 8,734 units and Skoda with 7,568 units.