Imports of used automobiles in Norway plummeted in May, turning the country into a net exporter as a drop in purchasing power hits home.
The registration of imported used cars fell about 80% in May from a year earlier, with the weak krone and price increases in other European countries driving the decline, the Road Traffic Information Council, or OFV, said Thursday. Used importers and other car dealers have started exporting to Europe, with more personal vehicles sent abroad than…
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