Registered sales of new cars in Sweden fell in December year-on-year after four months of increases, data from the statistics office (SCB) and auto industry association Bil Sweden showed on Monday.
Car registrations in the Nordic country, home to Volvo and Saab, dipped 5.6 percent year-on-year to 26,456 units, SCB said. Bil Sweden, whose data excludes privately imported cars, put the fall at 2.1 percent to 24,896 units.
But car sales for the full year still came in higher than last year, up 3.8 percent in Bil Sweden's data and up 0.1 percent in the SCB statistics. Record-low interest rates and strong economic growth have spurred Swedish car sales over the past several months. However, the central bank is now widely expected to begin cranking up its key repo rate from the current 1.50 percent early this year.
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