UPDATE 1-German auto group VDA holds 2003 sales forecast

Newswire

(Adds detail, quotes, background, shares) FRANKFURT, June 23 (Reuters) - German auto industry association VDA on Monday held its forecast of roughly flat car sales in Europe's biggest auto market this year, pinning its hopes on a recovery in demand in the second half. The association expects about 3.25 million new car registrations this year in Germany, broadly stable compared to last year, despite a one percent fall in the first five months of the year. VDA, which tends to be more ...

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