European car sales increase for the first time in seven years

Source: Bloomberg
© Scanpix/FP
European car sales increased for the first in seven years amid demand for low-cost autos from Renault SA and Volkswagen AG. Registrations added 5.4% to 13 million cars, the ACEA reported today. December sales climbed 4.9% to 997,238 in comparison with the previous year. BMV AG, Automobiles NV, Fiat Chrysler, Nissan Motor Co. and Daimler AG were among the companies with above-average growth.
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