Spanish, Italian and French car sales dropped in July from a year ago as scrappage schemes were phased out and strictness measures kicked in, figures showed on Monday.In Spain, industry association ANFAC warned of a tough second half for car sales as government subsidies finished and after a value-added sales tax hike from July 1.
Carmakers are invigorating for a slide in demand in the second half of the year as other scrappage schemes end and austerity measures lead consumers to hold off on big-ticket items like cars.
New car sales in Japan increase for the 11th straight month. South Korea's Hyundai Motor Co (005380.KS) reported a double-digit rise in global sales in July however a slowdown looked certain as government subsidies end.
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