EU Car Sales Rose in September

Date : 10/16/2019 @ 6:29AM
Source : Dow Jones News

EU Car Sales Rose in September

   By Max Bernhard 
 

New car sales in the European Union rose in September, with most of the bloc's major markets recording double-digit percentage growth after last year's sales were hit by the introduction of a new emissions-testing regime.

New car registrations, a reflection of sales, rose 15% on year in September across the EU to 1.25 million vehicles, the European Automobile Manufacturers' Association, or ACEA, said Wednesday.

The strong growth was mostly due to a low base of comparison, the association said. In September 2018 new car registrations fell 24% on year following the introduction of new stricter emissions-testing rules.

The association, whose members include Europe's biggest car makers, said sales rose 22% in Germany and 18% in Spain, while they were up 17% in France. In Italy, new car sales were 13% higher.

In the U.K. the recovery was limited due to uncertainties regarding Brexit, which continue to weigh on consumer confidence, it said. Sales in the country rose 1.3%.

In the first nine months of the year, new car registrations were down 1.6% compared with the same period a year ago.

 

Write to Max Bernhard at max.bernhard@dowjones.com

 

(END) Dow Jones Newswires

October 16, 2019 02:14 ET (06:14 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.


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