The European passenger car market logged further strong expansion in registrations in May amid sharp increases in the four major markets in the region along with robust demand for electric vehicles, monthly data from the Brussels-based European Automobile Manufacturers' Association, or ACEA, showed on Wednesday.
New car sales in the European Union rose 18.5 percent year-on-year in May, following a 17.2 percent growth in April, the ACEA said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.