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European April Car Sales Post First Gain in 19 Months: Economy

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European Union car sales rose in April for the first time since September 2011, adding to signs that the 27-nation bloc’s recession may be short-lived.

Registrations of new passenger cars in the EU increased 1.7 percent from the year-earlier period to 1.04 million vehicles, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today. Four-month sales fell 7.1 percent to 4.03 million vehicles.