Europe's ailing car market grew in annual terms for only the second time this year in July, supporting hopes of a much-needed stabilisation in the second half of 2013.
Registrations of new cars in Europe rose 4.8 percent compa
Europe's ailing car market ended a streak of 18 straight months of falling sales, though a number of one-off factors suggested that a sustained recovery will be harder to achieve.
A pick-up in Germany and Spain in addition to
Asian and European car markets ended 2010 on a high, with South Korean automakers predicting rising 2011 sales on US and China growth, while drivers flocked to bag the last scrapping bonuses in France.
Carmakers are increasingly relying on