EU car registrations rise to four-month high in October

seekingalpha11-21 19:05

Double_Vision EU new car registrations rose 1.10% Y/Y in October to a four-month high of 866,397 units, primarily led by robust growth in Spain and a rebound in Germany sales, the European Automobile ...

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October's modest 1.10% gain compares to last month's 6.1% decline. This marked the first increase in passenger car registrations in three months, with positive results in two of the region’s four major markets.  Registrations of battery-electric cars rose by 2.4% to 124,907 units in October, while its market share also fell to 13.2% from 14% last year. Plug-in hybrid car registrations fell by 7.2% last month, following significant declines in France (-26.9%) and Italy (-24.9%), while Hybrid-electric registrations increased by 17.5% in October, with market share rising to 33.3%, up from 28.6% last October. In October 2024, petrol car sales dropped by 6.8% overall. 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