European auto sales hit 23-year low in January
Luxury brands are still weathering the downturn fairly well, however. BMW, Mercedes-Benz and Jaguar-Land Rover all managed to increase their sales in January. Interestingly enough, the UK continues to enjoy strong sales, and last month, the country surpassed France to become the second largest auto market in the EU thanks to a sales increase of 11 percent. Registrations in France fell off by some 15 percent during the same time period.
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