Hyperdrive
Europe Car Sales Jump 17% as Growth Streak Reaches a Full Year
- Battery-electric vehicle registrations surged 62% in July
- Automakers work down order books as supply issues ease
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Auto sales in Europe rose in July as growing demand for electric vehicles and improved parts availability helped fuel an 12th consecutive month of growth.
New-car registrations increased 17% to 1.02 million vehicles, the European Automobile Manufacturers’ Association said Wednesday. Sales of battery-electric cars surged 62%, while deliveries of diesel models declined 9%. Markets including Germany, France and Spain saw double-digit sales growth.