European Union New Car Sales Rose in July, Helped by Easing of Parts Shortages

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 [e-mail]

(END) Dow Jones Newswires

August 30, 2023 02:14 ET (06:14 GMT)

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