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7/17/15

European Automobile Industry: European car sales show a tentative recovery - by Holly Ellyatt

European car sales bounced back in the first half of the year and rose almost 15 percent in June alone – even in Greece, according to new car sales data, signalling a tentative rise in consumer confidence over the regions' economic recovery.

New car sales in the European Union (EU) rose 8.2 percent in the first half of the year, according to data published by the European Automobile Manufacturers Association on Thursday, surpassing 7 million units (7,169,984).

All major markets posted growth, contributing to the overall upturn of the EU market over the period, the EAMA said.

In June alone, new passenger car registrations in the region rose 14.6 percent from the same month a year ago, continuing an upward trend that started 22 months ago "and marking the largest over-the-month increase since December 2009," the association added.

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