Car Chute

MADRID (Xinhua) — There was more bad news for the Spanish car industry with the publication of the sales figures for September on Monday indicating bad performance in the past years.
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PARIS (Xinhua) — France sold 167,631 new cars in September, down by 1.4 percent over the same period last year , French car sales federation (CCFA) said on Monday.
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BERLIN (Xinhua) — The world leading luxury automobile producer Daimler got a strong boost in demand from domestic market in August, with its sales volume of Mercedes-Benz cars keeping on rise.

The sales of Mercedes-Benz cars totaled up to 87,384 in numbers in August, 2011, up by 7.9 percent year-on-year.
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MADRID, Spain (Xinhua) – Sales of new cars in Spain rose by 5.9 percent in the month of August in comparison with the same month in 2010, according to figures published Thursday, while industrial associations said the statistics may be misleading.

The figures, which are published by the associations of car manufacturers (ANFAC) and sales organizations (GANVAN), showed that 47,224 new vehicles were sold in Spain last month.
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After months of declining car sales and closing dealerships, the auto industry may be getting a second wind. With the success of “Cash for Clunkers”, car sales are on the rise.

Officially known as the Car Allowance Rebate System, the program rewards people for turning in older gas guzzlers for new, more fuel efficient vehicles. Americans across the country can get a $3,500 to $4,500 voucher to replace their clunker. The exact credit depends on how much more fuel efficient the new vehicle is.

Editors at Edmunds.com have been flooded with questions from readers about who and what qualifies for the program. And despite a number of rules and regulations, experts say “Cash for Clunkers” has been the most successful of all the government stimulus plans this year.

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