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European Car Sales Rise after Historic Slump

European Car Sales Rise after Historic Slump (Reuters)

Germany, France and Spain all saw positive trends in car sales in October, in stark contrast to the first half of 2013. European car sales had slumped to their lowest six-month total in 20 years. Spain’s fantastic sales growth of 34.3% was buoyed by a government-backed incentive program. “It’s clear that we have reached the bottom and there are already some signs of recovery,” said Renault’s French sales chief Bernard Cambier.

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