MADRID – Spain’s economy may be reeling but consumers still are buying cars, whether from the showroom or the used-car lot. Sales of used cars and vans likely will reach 1.64 million units this year, up 4.1% from 2012. Juan A. Sanchez, president of GANVAM, the main Spanish association of auto dealers, vendors and repairers, predicts the ratio of used- to new-vehicle sales will match last year’s record of 2.3:1. Such a high ratio mainly is explained by the steady ...
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