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Europe Car Sales Plunge 26% in Worst January Total on Record
Car sales in Europe slumped to a record low for January as coronavirus lockdowns again shook the continent’s biggest markets. New-vehicle registrations plunged 26% to 842,835, the European Automobile Manufacturers’ Association said Wednesday, cutting short a reprieve of smaller declines toward the end of last year. Spain led the drops among major markets with a 52% fall, while sales in Germany fell by almost a third. Shuttered showrooms and hesitant consumers are plaguing automakers which also are fighting production outages due to a worldwide shortage of semiconductors. Many manufacturers’ earnings are being ... (full story)