European Car Sales Rise for Longest Stretch in Four Years

http://ift.tt/eA8V8J European car sales rose 4.3 percent in June as demand at Renault SA (RNO)'s budget Dacia division and Volkswagen AG (VOW)'s Seat nameplate contributed to the longest stretch of monthly delivery gains in four years. Registrations increased to 1.23 million vehicles from 1.18 million a year earlier, the Brussels-based European Automobile Manufacturers' Association, or ACEA, said today. The European Central Bank unveiled a range of measures in June to encourage private spending in the countries sharing the euro a year after a recession ended. Consumer confidence in Germany and the U.K., Europe's two biggest car markets, increased in June, according to research company GfK SE.



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