Sales of passenger cars up
Sales of new passenger cars in the Czech Republic grew by 5 percent to 154,107 vehicles in the period from January to November, the Car Importers Association said on Friday. In November alone sales of passenger cars increased by almost 2 percent. Company cars account for 60 percent of the sales. The favourable development was influenced by a change in the law on value added tax last year which enabled companies to deduct VAT when buying passenger cars.