Transportation
European Car Sales Recovery Threatened by Economic Turmoil
- Volkswagen, Mercedes deliveries rose more than 20% last month
- Sales gained a second month after a more than year-long slump
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European new car sales grew for a second month in September on easing supply-chain woes while a worsening economic outlook points to tougher times ahead.
Automakers in the EU, European Free Trade Area and UK delivered a combined 1.05 million vehicles last month, up 7.9% from a year ago, the European Automobile Manufacturers’ Association said Tuesday. The increase builds on results from August, when the industry reported its first gains in more than a year.