European Auto-Price War Continues Despite Sales Rebound

Newswire

* European car sales rose 8.1 pct in Q1 - ACEA * Incentives per vehicle up 12 pct in top five markets * Pricing pressures may dampen recovery plays (Adds Peugeot, Fiat share gains; analyst comment) By Laurence Frost PARIS, April 17 (Reuters) - Europe's car sales recovery may be taking hold, according to registrations data published on Thursday, but a confidential industry survey shows the pick-up is failing to halt a price war. Discounts outgrew first-quarter sales, according to the data ...

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