Car Sales In Spain, France In Ruins

And now, back to the usual blood and tears from Europe: July new cars sales dropped 7 percent in France and thudded 17 percent in Spain "as consumers cut back on costly goods in the face of economic uncertainty," says Reuters. Registrations in troubled Spain have been in straight decline for more than two years, industry body ANFAC said told Reuters. "That trend will not change in the short term even though the discounts on offer are about the best in history," ANFAC chief economist Aranzazu Mur said. Commonly cocky Volkswagen received a taste of blood and tears when Spanish sales of Seats dropped plunged 35 percent from The Truth About Cars http://www.thetruthaboutcars.com

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