German Feb car sales seen down sharply - analysts

Newswire

HAMBURG, Feb 28 (Reuters) - New car sales in Germany are seen sharply down in February as a three-point hike in value-added tax at the start of the year continued to weigh on demand in Europe's biggest auto market, industry analysts say. One industry source said on Wednesday that Dresdner Kleinwort analysts predicted new car registrations would drop by up to 20 percent in February, especially hitting sales by BMW , Volkswagen , Renault and PSA . January registrations fell 10.5 percent as ...

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