EU New Car Registrations Return to Growth in October
16 Novembre 2017 - 8:41AM
Dow Jones News
By Marc Navarro Gonzalez
New car sales in the European Union rose strongly in October,
returning to growth after a dip in September, according to data
published on Thursday.
Across the EU, new car registrations--a reflection of
sales--rose 5.9% to 1.17 million vehicles in October, said the
European Automobile Manufacturers' Association, known as ACEA.
ACEA said most major EU markets performed well in October,
especially Spain, France and Italy, where sales rose 14%, 14% and
7.1%, respectively. By contrast, the U.K. had the biggest decline
in registrations, down 12%.
Registrations in the new EU member states rose 20%, with
Bulgaria, Hungary and Lithuania posting monthly growth over
30%.
Sales for German car makers were mixed in the month, though
sales in their home market rose 3.9%. Sales grew 6.5% for Daimler
AG (DAI.XE), the maker of Mercedes luxury cars, and 4.8% for
Volkswagen AG (VOW.XE). However, BMW AG (BMW.XE)sales declined
7.8%.
Sales for French auto maker Renault SA (RNO.FR) grew 18%, driven
by solid performance for its Renault, Dacia and Lada brands.
Peugeot SA (UG.FR) sales rose 74% in October, boosted by the
acquisition of car maker Opel.
For the first ten months of 2017, new car registrations rose
3.9% to 12.8 million vehicles compared with 12.3 million a year
earlier. Of the five biggest markets, the U.K. was the only one
where sales fell in the first 10 months of 2017, posting a decline
of 4.6%.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
November 16, 2017 02:26 ET (07:26 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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