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New car sales rules help retail sector.

Automotive News Europe,  July, 2002  by De Saint-Seine, Sylviane

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Shares of retailers out-performed carmakers and suppliers in the second quarter. Europe's new distribution rules were a key factor.

The European Commission this month approved a plan to loosen dealer restrictions. The changes are expected to lead to the emergence of more large retailers in Europe.

The index for 10 publicly-traded retail groups was down just 1.62 percent, far better than major stock indices.

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