Europe passenger car sales fell 6 percent to reach 682,596 units in January, marking a new historic low in EU car sales for the first month of the year, the European Automobile Manufacturers Association (ACEA) said on Thursday. Looking at the four major car markets, double-digit losses were reported in Italy and France, while only Germany posted solid growth. Sales in Italy and France were down 19.7 percent and 18.6 percent, respectively. Meanwhile, Germanys car sales advanced 8.5 percent and Spain logged a moderate increase of 1 percent.
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