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October new car sales driving industry growth

The European Automobile Manufacturers Association has revealed European car sales enjoyed their 14th consecutive month of year-on-year growth in October, rising by 6.5%. It was the strongest monthly increase for five years, and raised hopes of the first annual growth since the financial crisis. Of Europe's five biggest economies, only France suffered a fall in sales in October, compared with the same month a year earlier. Total registrations in the free-trade area have risen to 10.27m in the year to October, compared with 9.76m in the same period in the preceding year.

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

 

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