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Southern Europe Woes Lead Downward Spiral in Region’s Car Sales

European car deliveries dropped for a seventh consecutive month, with German growth unable to counter sales declines of 18 percent or more in the battered economies of Italy, Spain and Greece.

Registrations fell 6.5 percent in April to 1.06 million vehicles from 1.13 million a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement. Renault SA, Toyota Motor Corp. and Fiat SpA posted the biggest declines, as consumers across the region tightened spending amid a weak economy.