European Car Sales Slump as German Confidence Wanes: Economy

European car sales slumped to a two-decade low, German investor confidence unexpectedly dropped and euro-area exports fell for a second month, adding to signs that the region is struggling to emerge from recession.

Auto registrations decreased 6.3 percent in June from a year earlier to 1.18 million vehicles, the European Automobile Manufacturers’ Association said today. The ZEW index of German investor and analyst expectations fell to 36.3 in July from