Only 1 New Ferrari Sold in Greece in 2012, Compared to 21 in 2007

That the economy of Greece is in shambles, is no secret, nor is the fact it will take years, if not decades, for the country to stand up on its feet again.

Even the rich seem to be affected from the cash flow crunch, as according to a Reuters report, only one new Ferrari sports car was registered in Greece for the whole of last year. Perhaps the Greeks turned to the used market, we hear you ask? Nope, as only one used Ferrari was sold in a country of more than 11 million in 2012.

Naturally, these numbers don’t mean anything if you do not have something to comparing them with. In 2007, the year before the crisis broke out, 21 new Ferrari models were delivered in Greece, along with another 27 used examples.

That brings the grand total to two new and used Ferraris in 2012 versus 48 examples in 2007. And if you’re wondering about the new car market as a whole, in 2007, a total of 279,794 brand new vehicles were sold in Greece compared to a paltry 58,482 units last year.

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