European automotive industry fighting to mitigate domino effect of global market slowdown
In view of soaring fuel prices, tighter bank funding and worsening economic prospects, car sales have unsurprisingly taken a beating. Although the automotive market is expected to continue to suffer in the short term, some niche areas will be less affected. Indeed, according to independent market analyst Datamonitor, the fleet leasing sector and areas of aftermarket sales have even shown signs of growth.
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