European New Car Sales Fall by 1.1% in September

Data showed that European car sales rose slightly in September, the first increase this year, indicating a recovery in the auto sector in some European markets, as Coronavirus cases decreased.

Statistics from the European Automobile Manufacturers Association (ACEA) in September showed that sales of new cars rose 1.1% Y-o-Y to 1.3 million cars in the European Union, Britain and EFTA countries, according to Reuters.

However, the five largest markets in Europe recorded mixed results, and data showed that Spain, UK and France recorded losses, while registrations rose in Italy and Germany.

In the first nine months of the year sales were down 29.3% as the coronavirus lockdown forced carmakers to close showrooms across Europe.