Hyperdrive
Europe Car Sales Rise the Most in Almost Two Years as Supply Recovers
- Registrations jumped 26% in March, paced by Spain and Italy
- Volkswagen, Renault post biggest gains among major carmakers
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Auto sales in Europe jumped the most since May 2021 as supply of key components including semiconductors continues to improve.
New-car registrations jumped 26% in March to 1.42 million, the European Automobile Manufacturers’ Association said Wednesday, extending the industry’s growth streak to eight consecutive months. Carmakers are benefiting from orders accumulated during the worst of their supply crises and a weak year-ago showing.