Wed, Jul 15th, 2009
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PARIS (Reuters) - European car sales, helped by incentives in major markets to scrap old vehicles, rose for the first time in 14 months in June in a further sign the battered industry may be past its low point and lifting the sector.
New car sales rose 2.4 percent year-on-year in June when 1,461,859 vehicles were registered in Europe, where the industry directly employs 2.2 million, industry body ACEA said on Wednesday.
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Related stories from Digg:
Analysts do not see the car recovery before 2011
The European car sales has been badly affected by the global economic downturn and this has resulted in the introduction of scrappage incentive strategies in a number of nations. Some analysts do not see recovery before 2011.(Autos)
tunedtechMon, Jun 22nd, 20091 Diggs, 0 Comments
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