In the immediate aftermath of the 2008-2011 financial crisis and the European economic recession between 2010 and 2013, the automotive industry saw a considerable number of brands go out of business.
The crisis has had a direct impact on sales and has made the markets smaller in terms of volume. As the strong growth seen in the late 1990s and early 2000s faded, many automakers were forced to get rid of their weaker car brands.
