Renault, Fiat Pace European Car-Sales Drop as Demand Stalls
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Renault SA, Fiat SpA and PSA Peugeot Citroen led the biggest decline in European car sales since June as consumers balked at making big purchases after the region’s economy shrunk.
Registrations in January fell 6.6 percent to 1 million vehicles, marking the fourth consecutive monthly decline, Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement.