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. It should be noted here that being the peak of summer holiday season, August is known as a weak month for auto sales anyway. Lower car sales in Europe is of interest to us because some big names in the…