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Europe car registrations off 0.3% in January, trade group says
New-car registrations dropped in four out of five of Europe?s biggest markets in January, possibly as a result of the global credit crunch and economic uncertainty, an automotive trade group says. For all of Europe, new passenger-car registrations dipped 0.3% compared to January 2007, to a little more than 1.3 million vehicles, reported the Brussels-based European Automotive Manufacturers Association, or ACEA. In Western Europe's five major markets, only Germany saw a monthly increase, with registrations up 10.5%.