Spain: New car market contracts 23.3% in May

The year-on-year rate of decline in new car registrations in Spain remained the same as in April 2011, at -23.3%. A total of 78,870 passenger cars were registered in May 2011, compared with 102,874 units recorded in the same month a year earlier. Sales last month were ahead of the 71,808 Subscribe to Automotive World … Continued

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• June 2, 2011