Europeans bought more cars in October, auto association says

Sursa: Emin Geafarov / Kommersant

European new passenger car registrations jumped in October, the region’s carmaker association said.

New passenger car registrations continued their upward trend (+12.2%) in the European Union, with 745,855 units sold, the ACEA said in a press release on Nov. 17.

Overall, however,car registrations were down -8.1% ten months into 2022.

The October results remained nearly 290,000 units below the October 2019 pre-pandemic levels.

All the region’s key markets positively contributed to last month’s growth, with three out of four of them recording double-digit gains: Germany (+16.8%), Italy (+14.6%) and Spain (+11.7%). The French market saw a more modest, but still solid, performance  of +5.5%.

But ten months into the year,  EU new car registrations remained in negative territory, as recent improvements were not enough to offset losses cumulated from January to July.

Four main regional markets saw the sharpest decline: Italy which was down by -13.8%, followed by France, -10.3%, Spain -5.8% and Germany-5.5%.

The European Union produced 7.96 million cars in the first nine months of this year, 430,000 units more than the previous year,  according to the ACEA report on the first three quarters of the year.

Romania ranks as the e sixth automobile producer in the EU, with 376,047 units – almost 20% more compared to the same period the previous year, reported.

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