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16 Jun
08:07

EU car market continues negative trend

European car demand remains strongly subdued, according to the latest data published by ACEA, the carmakers association. In the period January-May this year, new car registrations fell 13.7% y-o-y. In May alone, registrations recorded the tenth consecutive month of decline, falling 11.2% y-o-y. Italy remains one of the slowest markets for new car registrations, with sales dropping almost 25% y-o-y during the first five months of this year. The German market is ho…
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