MADRID – Sales of used vehicles will grow 7%-8% in Spain this year to nearly 1.7 million units, GANVAM, the association of automobile dealers, predicts. With the new-vehicle market headed in the opposite direction, that volume would put the used-to-new car-sales ratio at a record 2.1:1, the group says. “That evolution is very conditioned by the maintained falling tendency of the Spanish new-car market,” GANVAM President Juan A. Sanchez says, adding auto dealers and other vendors saw ...
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