European Union New Car Sales Rose in July, Helped by Easing of Parts Shortages
August 30 2023 - 2:29AM
Dow Jones News
By Giulia Petroni
Passenger-car registrations across the European Union rose
around 15% on year in July, with the region recovering from the
previous year's component shortages, according to the European
Automobile Manufacturers Association.
New-car registrations--a reflection of sales--increased on year
to 851,156 vehicles last month, the European car industry group
known as ACEA said Wednesday.
All of the region's major markets contributed positively to the
overall growth, with France and Germany recording gains of around
20% and 18% on year, while Spain and Italy reported on-year growth
of around 11% and 8.7%, respectively.
Registrations for new passenger cars in the January to November
period rose by around 18% on year to 6.29 million units, according
to ACEA, but year-to-date volumes are still 22% lower compared to
2019.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
August 30, 2023 02:14 ET (06:14 GMT)
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