European new car registrations rise further, industry group says

Brussels/Frankfurt/Paris, Nov. 17, (dpa-AFX/GNA) - New European car registrations increased for the third straight month in October, according to the European Automobile Manufacturers’ Association, or ACEA, on Thursday. 

New passenger car registrations logged double-digit annual growth of 12.2% in October, faster than September’s 9.6% increase. 

The number of vehicles registered across the EU region totalled 745,855 units in October, compared to 664,861 units produced in the corresponding month last year. 

However, this result remained nearly 290,000 units below the October 2019 pre-pandemic levels, the Brussels-based ACEA said. 

Among the big four economies, Germany showed the strongest increase in sales, by 16.8%, followed by Italy with a 14.6% surge. Sales in Spain also rose notably, by 11.7%. 

At the same time, the French market logged a comparatively modest rise of 5.5%. 

During January to October, the passenger car market witnessed a negative trend in sales, falling 8.1% to 7.53 million units, as recent improvements were not enough to offset losses cumulated from January to July this year. 

GNA