European car sales `beginning to recover`

New statistics for June have shown a rise in the number of new car sales across Europe, according to the BBC.

The European Automotive Manufacturers` Association said that it was the first rise in sales for 14 months.

Meanwhile, the rate of decline in new car registrations in the UK has slowed, suggesting there may be a recovery in the coming months.

A spokesperson for debt management company Gregory Pennington said: "Car sales have been slow in recent months, partly because people are less willing to make big purchases, or to get into debt to fund such purchases.

"Indeed, we advise people to remain cautious about making expensive purchases. If someone does decide to get into debt to buy something like a car, they should be certain that they will be able to afford the repayments."

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