Jun 20, 2013

Euro car sales hit 20-year low in May

Euro car sales hit 20-year low in May

Automotive News Europe reports vehicle registrations in the European Union fell to 1.08 million in May. That's down from 1.15 million a year earlier and marks the lowest number for any May since 1993. General Motors, Peugeot-Citroen, Fiat, Renault, Ford, Volkswagen and Audi all saw sales fall off last month, though Seat managed to increase its sales by a relatively heady 13 percent. Currently, analysts are predicting that the European automotive market will continue to contract through 2013, though may show signs of rebounding by the end of the year.

Autoblog , Euro car sales hit 20-year low in May

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, Euro car sales hit 20-year low in May

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