Transportation
Carmakers Are Mired in First Europe Sales Slump in Two Years
- Registrations last fell in consecutive months in mid-2022
- Stellantis’ sales plunged 26% in worst showing among peers
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Car sales in Europe fell in September for the first consecutive monthly decline in more than two years as the region’s economy continued to stagnate and consumers trimmed spending.
New-car registrations fell 4.2% compared to a year ago, to 1.12 million units, the European Automobile Manufacturers’ Association said Tuesday. Gains in electric-vehicle sales weren’t enough to offset declines for combustion-engine models.