EU new car sales rebound by 5.4% in September according to automakers
AFPPARIS -- Registration of new cars jumped by 5.4 percent last month in the EU, the European Automobile Manufacturers' Association (ACEA) said Wednesday, the second time sales have jumped in the past three months.
October 17, 2013, 12:03 am TWN
Some 1.16 million vehicles were registered last month across the European Union — with the exception of Malta, with gains for most major markets except Italy and Germany.
Despite the gain, registrations — a proxy for sales — still came in at “the second lowest level for a month of September” since the ACEA began collecting data a decade ago.
For the first nine months of this year sales are down by 3.9 percent from the same period last year, with Britain the only major market to see a significant increase of 10.8 percent.
Car sales slumped along the economies of EU countries when the debt crisis struck, leaving several European manufacturers in dire straits as they struggled to cut capacity and build sales abroad.