Europe Car Market Seen Ending Six-Year Drop With 2% Growth
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Europe’s car market will probably expand 2 percent this year as demand “gradually” recovers from a two-decade low, the region’s main auto-industry group said.
Sales in the region, which have dropped for six consecutive years, won’t return to pre-crisis levels in the “foreseeable future,” Philippe Varin, president of the European Automobile Manufacturers’ Association, or ACEA, said at a press conference today at the trade group’s Brussels headquarters.