MADRID – New-vehicle sales reached only 59,385 units in Spain in January, down a record 41.6% from year-ago and marking the worst performance since 1996. Of the total, about 54,000 units were passenger cars, with the rest SUVs and other all-wheel-drive vehicles. January added a new element to the market’s dynamics. During the last half of 2008, most of the decline resulted from fewer sales to private buyers. But January saw executive- and rental-car deliveries plunge 58.1%, while the ...

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