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Plunge in car registrations

New car registrations plunged 54.1 pct in May, compared with the same month last year, with the car market suffering more than any other commercial sector of the Greek economy, the Association of Car Importers and Dealers said on Wednesday.
The association said that a “free fall” in the car market this year would resuld to lower tax revenues for the state and urged the government to cooperate with the car sector which covers around 5.0 pct of regular budget revenues or even 10 pct if fuel tax was included
(source: ana-mpa)

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