EU car sales to edge upward in 2018 despite Brexit

ANE Europe car sales 2018Munich, Germany – The UK’s upcoming exit from the European Union is expected to hit the region’s new-car market in 2018.

Most EU countries are expected to see increases in demand, as rising employment, higher wages and greater consumer confidence support vehicle purchases.

However, uncertainty over the UK’s future relationship with the EU as well as inflation fueled by a weaker pound could lead to an 8% decline in Britain’s new-car sales to about…

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