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05 Dec
14:02

EU car sales growth seen slowing in 2017

European new vehicle sales growth will slow to 2-3% on-year in 2017 from around 7% in 2016, while Brexit will weigh on UK sales, according to Fitch. EU growth will come from a combination of pent-up demand, still broadly favourable economic conditions, and low interest rates supporting purchases, the credit rating agency says. Brexit will weigh on UK car sales due to slower economic growth and weak consumer confidence, as well as higher prices to cover curr…
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