The European Automobile Manufacturers' Association reported that in October, sales of new cars in the European Union fell by 7.4% compared to the same month last year. The slowdown in the rate of decline compared with a fall of 23% in September brings hope for normalization in the European car market in the future. Several factors have had a negative impact on sales of new cars. Among them, the slowdown in China, the threat of the introduction of US import duties on cars from the EU, as well as the introduction of new emission standards for cars in the European Union.
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