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Europe Car-Sales Growth Slows on Brexit as Market Nears Peak

  • Demand at 10-year high is set to fall as markets sated
  • Toyota hybrids, Fiat city cars, VW’s Skoda propel gains
Toyota Motor Corp.’s 13 percent increase in June was buoyed by rising demand for its hybrid models.

Toyota Motor Corp.’s 13 percent increase in June was buoyed by rising demand for its hybrid models.

Photographer: Mario Proenca/Bloomberg
Updated on

European car demand rose at a slower pace in June as fewer selling days in Germany and Brexit-related concerns in the U.K. weighed on a peaking vehicle market.

Industrywide registrations increased 2.1 percent from a year earlier to 1.54 million vehicles last month, with Toyota and Fiat models posting the biggest gains, the European Automobile Manufacturers’ Association, or ACEA, said Friday in a statement. While the sales figure marked the strongest June since 2007, the growth lagged behind May’s 7.7 percent jump.