Car sales in Europe rose for the first time in 19 months, mainly led by growth in Germany, Spain and the UK. Registrations in April rose 1.8 percent to 1.08 million vehicles, up from 1.06 million cars a year earlier, according to data from the European Automobile Manufacturers’ Association (ACEA). Sales for the first four months of the year fell 7 percent however to 4.18 million vehicles.
The growth for April can’t hide the fact that the European auto market is at a two-decade low, with industry executives forecasting a drop of about 5 percent for 2013 as the euro zone is in recession.
Read more »