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ACEA forecasts 25% drop in EU car sales in 2020

The European Automobile Manufacturers’ Association (ACEA) has radically revised its 2020 forecast for EU passenger car registrations down to about -25%, in light of the major economic crisis facing the auto industry due to the global Covid-19 pandemic. This effectively means that the industry association expects car sales in the European Union (EU) to tumble […]

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