GERMANY: New car sales climb 6% in May
Citing motor industry association VDA, Reuters reports that new car registrations in Germany, Europe's biggest market, climbed 6% in May to 300,000 vehicles, trimming the fall in the year to date to 1%. According to the news agency, VDA said in a statement that demand was boosted by improved consumer confidence following the end of the Iraq war and greater willingness on the part of firms to expand their fleets after the government dropped plans to increase company car tax.
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