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It also stated billions of pounds in compensation paid to customers by banks για previous insurance coverage mis-promoting had helped some car-buyers fund deposits. Automobile gross sales have grown strongly over the previous two years after steep falls in 2008 and 2009, in a pattern that pre-dated last yr's rapid economic recovery. Britain overtook France in 2012 as Europe's second-largest new car market after Germany. Automobile sales were helped by incentives in December, said Richard Lowe, head of retail and wholesale banking at Barclays. The SMMT sees modest automotive gross sales development of 1 % για 2014, saying new gross sales are now close to their long-run common, though initially of 2013 it was equally cautious in regards to the coming 12 months.
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