Royal Oak Tribune

European car sales backslide in the midst of another virus wave

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Car sales fell in Europe’s four largest auto markets last month, signaling demand has relapsed in the midst of another wave of the coronaviru­s cases hitting the region.

German new-car registrati­ons dropped 3.6% in October from a year ago, the country’s Federal Motor Transport Authority said Wednesday. Sales plunged by more than a fifth in Spain, slumped 10% in France and slipped 0.2% in Italy, suggesting the industry will be unable to maintain the surprise growth seen in September.

The figures are a troubling potential harbinger of what lies ahead for Europe’s car industry and broader economy. Much of the month’s vehicle registrati­ons were compiled before government­s in several countries re-instituted tighter restrictio­ns on public life in hopes of containing the resurgence of Covid-19.

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