Category: Economy
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European carmakers are rallying after data showed car sales in Europe climbed 6.1% to 1.3m vehicles last month.

Shares in Renault and Volkswagen are both up 3%, and Peugeot Citreon have surged 5.5%.

Europe's car market bottomed out last year, ending a six-year slump, and has been growing for 13 months.

According to the Association of European Carmakers, Germany, the biggest market, saw sales rise 5.2% to 260,062. The UK, the number 2 market, was up 5.6% while France, the number 3, climbed 6.3%.

Sales in Spain, Portugal and Greece surged 30% or more as buyers snapped up cars from Volkswagen, Ford and Opel.