Economics
German New-Car Registrations Fell 9.9% in May on Europe Economy
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New car sales in Germany, Europe’s largest economy, resumed declining in May as buyers shied away from big-ticket purchases and fleet operators cut spending amid a lingering sovereign-debt crisis in the region.
Registrations last month fell 9.9 percent from a year earlier to 261,316 cars, the German Federal Motor Vehicle Office, or KBA, said today in a statement. Five-month sales declined 8.8 percent to 1.22 million vehicles.