MADRID – With car sales in December plunging 50% vs. year-ago, the Spanish new-vehicle market wrapped up its worst performance in 25 years in 2008. Aniacam, the association of auto importers, says 1,161,499 passenger vehicles (including cars, SUVs, cross/utility vehicles and minivans) were registered in Spain last year, down 28.1% from 1,615,201 in 2007. The dismal results came as no surprise, because the market had fallen off dramatically in the year’s second half as consumer confidence ...
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