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Diesel new vehicle market share in Europe in February dropped to 39.5%; SUVs still driving growth

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in February, as gasoline car registrations increased by 16%. This growth can be attributed to key markets such as Germany, Spain and France, as well as five other markets (Croatia, Greece, Hungary, Estonia and Luxembourg), which posted double digit growth. The results mark the highest February volume since 2008, when 1.19 respectively.

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Reports highlight ongoing advances in vehicle technology, consumer demand for fuel efficiency in US and Europe

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Increasing mileage performance is also reflected the growing sales of hybrid and electric vehicles, which have doubled in sales during the past four years to over half a million vehicles. In addition to technological changes, the economic crisis may have increased sales of more efficient models in some countries, the report says.

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