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Economy And The Numbers

Europe New Car Registrations Rise 16.3% In November: ACEA

By Jyotsna V   ✉   | Published:   | Follow Us On Google News
rttnewslogo20mar2024

New passenger car registrations in the European Union climbed for the fourth month in a row and at a faster pace in November, but the poor sales in the first half of the year dragged down the year-to-date figure, monthly data from the European Automobile Manufacturers' Association, or ACEA, showed Thursday.

EU new car sales rose 16.3 percent year-on-year following a 12.2 percent growth in October. The number of units sold totaled 829,527 in November, which was well below the pre-pandemic levels of November 2019, when 1 million cars were registered, the Brussels-based ACEA said.

Sales growth was witnessed in most of the region's markets, including the four largest ones. Among the big four, the strongest increase of 31.4 percent was observed in Germany, followed by 14.7 percent in Italy, 10.3 percent in Spain and 9.8 percent in France.

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