EU car market shows signs of recovery – car insurance Ireland

The European car market showed slight signs of recovery as new EU car registrations in April were up over 1.5% on the same time last year. This is according to recent data from the European automaker’s association. All major car makers have struggled recently due to the downturn, with Ford, Peugeot, Fiat and General Motors posting combined operating losses of approximately €5 billion. This small rise comes as a relief for many and shows some promise for 2013.

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