Europe's new car sales rebounded in July on strong demand for battery electric and plug-in hybrid cars, the European Automobile Manufacturers' Association, or ACEA, reported Thursday.
Car registrations in the European Union advanced 7.4 percent year-on-year in July, offsetting June's 7.3 percent decrease.
Data showed an annual rise of 39.1 percent for battery-electric and 14.3 percent for hybrid-electric cars sales, while plug-in-hybrid electric recorded its fifth consecutive month of continuous strong growth with a 56.9 percent increase.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.