Hedge Funds Seem Incapable of Timing The European Car Market

New car registrations in Europe dropped to a never-seen-before low point in August. This comes after registrations fell to a 20-year low in May 2013. The auto industry of Europe has been suffering through a dry spell for several quarters now. Despite growing signs of recovery in the Eurozone, sales of major car makers of Europe have slumped in this year.

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