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EUROPEAN CAR SALES ‘ON RIGHT TRACK’Back

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