AOL.com Video - Debt Crisis Drives Greek Car Sales Down

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Debt Crisis Drives Greek Car Sales Down

Description:Heavy discounts for used cars in the Greek capital Athens. Austerity measures are biting, and car sales in Greece have slumped. As Greeks look to make savings, many are selling their cars and not replacing them. The knock on effect is fewer customers for car dealerships. The Greek Association of Motor Vehicle Importers says 600 have shut in the past two years. (2:02)

Source: Reuters

Tags: Debt Crisis Drives Greek Car Sales Down , European economy , Greece Austerity , greece auto market