MADRID – Car sales took a dive in Spain in June, falling 31.8% from year-ago levels, according to Faconauto, the Spanish federation of auto dealers associations. German Lopez, chairman of Aniacam, the Spanish association of auto importers, says the now-evident crisis was signaled two years ago, when the consumer-confidence index began its decline and new-car demand initially began to soften. “The first half of 2006 showed sales (down) 0.6% vs. the same period of 2005, and the first half ...
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