PARIS – European new-vehicle sales were off 18.3% in February, but there was room for optimism in the results. “This could be the start of the beginning of the end of the crisis,” says analyst Jean-Michel Prillieux of Mavel SA. He cites February’s lower decline than in January and the fact it had one less selling day than year-ago’s exceptionally strong month as reasons for the positive outlook. Prillieux also points to the success of the scrappage program in Germany that boosted ...
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