Hyperdrive
Europe’s Car Sales Recovery Is Held Back by Economic Turmoil
- Shipments rose 14% in October from depressed year-ago level
- Energy crisis is likely to stand in way of substantial rebound
New-car registrations climbed 14% last month.
Photographer: Andreas Gebert/BloombergThis article is for subscribers only.
Auto sales in Europe rose for a third month in October as supply-chain issues eased, though there’s growing concern that deteriorating economic conditions are beginning to put off buyers.
New-car registrations climbed 14% to 910,753 vehicles last month, the European Automobile Manufacturers’ Association said Thursday. The industry returned to growth in August after 12 consecutive months of decline.