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CarsalesA rebound in car sales in France and Spain last month has stirred hopes that the European car market may be on the road to recovery.

In France, a 9.4% increase in car registrations restricted the fourth consecutive annual decline to 5.7%. Sales in Spain rose by 18.2%.

Rising European sales augur well for manufacturers in Britain.

Moody’s Investors Service forecasts that demand for light vehicles will grow by 3% in Western Europe this year after a 5% slump last year.

(Source: The Guardian)

Posted by Leana Kell on 12/01/2014