Swedish car sales plummet in November

New car registrations in Sweden suffered their worst decline in 15 years in November, dropping 36.4 percent compared to the same month a year ago, according to new figures released on Monday.

New car registrations in Sweden fell by 36.4 percent in November compared to the same month a year ago, the worst decline seen since 1993, industry organization BIL Sweden said Monday.

“The development is very worrying and the government must now quickly take measures to stimulate the market and slow down the dramatic downturn in the car and truck industry, which is so important for the Swedish economy and employment,” said Bertil Molden, head of the BIL Sweden industry organization, in a statement.

Last month, 17,616 new cars were registered in the Sweden, a decline of 36.4 percent compared to November 2007, while 3,406 new trucks were registered, a drop of 26.6 percent year-on-year.

Registrations of all types of cars and trucks were sharply down last month, with the exception of new environmentally-friendly cars, which saw registration swell 7.0 percent to 6,612 new vehicles.

Such eco-friendly cars thus made up 37.5 percent of all new car registrations in Sweden last month, compared to 22.3 percent a year earlier.