European Union Car Sales Drop In December
New car registrations in the European Union dropped 16.3% y/y in December, according to the European auto manufacturers' association.
For 2012, EU new registrations declined 8.2%. In December, demand for new cars dipped 16.4% in Germany, 22.5% in Italy and 23% in Spain. However, new car registrations rose 3.7% in the UK.
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