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Spanish car subsidy slows sales decline

The Spanish government’s car subsidy scheme has been credited with keeping the sales decline down to only 20.3% compared with an anticipated 35%+ according to the local car manufacturer’s body ANFAC. Usually these schemes tend to just pull forward buyers and result in a sales hangover when they end so next year could be even tougher if the government do not prolong the scheme.

http://www.reuters.com/article/2012/12/03/spain-cars-idUSE8N08Z00B20121203