Car sales in Sweden have been in a decline for the past few years and this year is no exception.
Swedish car sales fell in the fourth quarter of 2017, with car sales in the country dropping by 7.4% compared to the same period last year, according to a report from Swedish research firm Statens Nikkegaard.
The car market has been falling for years and has had an impact on car sales across Europe and beyond.
Despite the decline in sales, the country’s car market still remains the second largest in the world, behind only China, according the Stockholm International Peace Research Institute.
Although car sales are dropping, Sweden has one of the lowest car ownership rates in Europe.
The country has one-fifth of its people in cars, according Stats Sweden.
In Sweden, about 6.3 million people own a car, compared to 4.7 million in Germany and 5.4 million in the U.K., according to Statens Bild.
However, it’s not just the car market that is suffering from the decline of sales.
The Swedish government has been trying to raise the countrys debt ceiling, and has proposed a number of measures to help boost car sales.
If Sweden raises its debt ceiling to its current level of about 300 billion kronor ($5.3 billion), the country will need to borrow a total of $4.5 billion.
The amount is not necessarily an indication of how much the country is willing to spend, however.
On Friday, Sweden said it would need to increase the debt limit by 1,300 billion krons ($1.4 billion) in order to avoid a default.
That would require an increase in interest rates to 1.6%.