EU New Car Sales Climbed in November After Gains in Italy, France
20 December 2023 - 6:29PM
Dow Jones News
By Mauro Orru
Passenger-car registrations in the European Union edged higher
in November, a month marked by solid gains in Italy and France that
offset a contraction in the German car market.
The European Automobile Manufacturers' Association, known as
ACEA, said Wednesday that new car registrations--a reflection of
sales--climbed 6.7% on year in the bloc to 885,581 units, making
November the 16th consecutive month of growth. Italy saw a 16%
boost, while France recorded a 14% increase.
However, the German car market, long regarded as a bellwether in
the EU, suffered a 5.7% contraction. Business sentiment in Germany
sank unexpectedly for the first time in four months, according to a
closely watched survey earlier this week.
Among the large EU car makers, BMW and Volkswagen registrations
jumped 15% and 11% respectively, according to ACEA data, while
Stellantis saw a 7.3% decline.
Registrations of new battery-electric cars jumped 16% in
November to 144,378 units, with growth in Belgium more than
doubling on year, making the country the fifth-largest market by
volume, ACEA said.
Write to Mauro Orru at mauro.orru@wsj.com
(END) Dow Jones Newswires
December 20, 2023 02:14 ET (07:14 GMT)
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