New car sales in the European Union rose strongly in October, returning to growth after a dip in September, according to data published on Thursday.
Across the EU, new car registrations--a reflection of sales--rose 5.9% to 1.17 million vehicles in October, said the European Automobile Manufacturers' Association, known as ACEA.
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ACEA said most major EU markets performed well in October, especially Spain, France and Italy, where sales rose 14%, 14% and 7.1%, respectively. By contrast, the U.K. had the biggest decline in registrations, down 12%.
Registrations in the new EU member states rose 20%, with Bulgaria, Hungary and Lithuania posting monthly growth over 30%.
Sales for German car makers were mixed in the month, though sales in their home market rose 3.9%. Sales grew 6.5% for Daimler AG (DAI.XE), the maker of Mercedes luxury cars, and 4.8% for Volkswagen AG (VOW.XE). However, BMW AG (BMW.XE)sales declined 7.8%.
Sales for French auto maker Renault SA (RNO.FR) grew 18%, driven by solid performance for its Renault, Dacia and Lada brands. Peugeot SA (UG.FR) sales rose 74% in October, boosted by the acquisition of car maker Opel.
For the first ten months of 2017, new car registrations rose 3.9% to 12.8 million vehicles compared with 12.3 million a year earlier. Of the five biggest markets, the U.K. was the only one where sales fell in the first 10 months of 2017, posting a decline of 4.6%.
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(END) Dow Jones Newswires
November 16, 2017 02:26 ET (07:26 GMT)