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Spain Oct car registrations drop 37.6 pct y/y

Source: Reuters - Tue 2th Nov 2010

Car sales fell in Spain by 37.6 percent in October from a year earlier, car makers association ANFAC said on Tuesday, the fourth month of double-digit declines following the end of government subsidies.

Car sales fell 26.9 percent in September year on year.

Government subsidies to help people buy new cars ran out at the start of July, coinciding with an increase in value-added tax.

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