European market experiences further fall in first quarter of 2013. The European Automobile Manufacturers Association (ACEA) registered a fall of 9.7% in car sales throughout Europe (-11% for the EU). In March, demand for new passenger cars in the European market declined for the 18th consecutive month, with a fall of 10.3% to 1,34 million units sold. After a disastrous 2012, this year does not appear to be any better. While the crisis in the automobile market was characterised initially by a...