EU New Car Sales Lifted by Italy, Spain
October 14 2016 - 2:29AM
Dow Jones News
By Eric Sylvers
New car sales in the European Union rose 7.2% in September as
double-digit growth in Italy and Spain pushed the region to its
highest ever result for the month.
New car registrations, which closely mirror sales, rose to 1.46
million vehicles in the EU in September from 1.36 million vehicles
in the same month last year, according to data released by the
European Automobile Manufacturers' Association, or ACEA.
Sales grew 17% in Italy and 14% in Spain. The other three major
European markets posted more modest gains with Germany up 9.4%,
France 2.5% and the U.K. 1.6%.
Volkswagen AG's (VOW.XE) sales climbed 5.2% on the month though
the German company's market share fell almost half a percentage
point to 22.8%. Renault SA's (RNO.FR) 19% advance in car sales led
among major auto makers in September.
Over the first nine months of the year new car sales in the EU
advanced 8% to 11.2 million vehicles.
-Write to Eric Sylvers at eric.sylvers@wsj.com
(END) Dow Jones Newswires
October 14, 2016 02:14 ET (06:14 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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