Economic Buzz: European Passenger Car Sales Drop 5.3% In March

Europes passenger car sales dropped in March, witnessing the first March drop since 2014, the European Automobile Manufacturers Association reported Wednesday. Car sales slipped 5.3% year-on-year to 1.79 million units in March. However, the agency noted that last years sales figure was biggest on record for March constituting a high basis of comparison. Sales had increased 4.3% in February and 7.1% in January.