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Car-sales boom indicates post-corona economic rebound

Registrations of new cars in the EU, Britain, Iceland, Liechtenstein, Norway, and Switzerland shot up by 73.7 percent in May compared to the same month last year, reaching a figure of 1,083,795 vehicles, according to the the European Automobile Manufacturers’ Association. The rapid growth was the third month in a row of similar increases, in signs of a wider rebound in the European economy in the wake of the pandemic.

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