The European passenger car market expanded 21% year-on-year in August, marking the 13th straight month of growth, an industry group report showed on Wednesday. New passenger car registrations in the EU totaled 787,626 units in August, the European Automobile Manufacturers’ Association (ACEA) said in a statement.
“Despite August typically being a slower month for car sales, double-digit gains indicate that the EU market is rebounding from last year’s component shortages,” it stressed. Most markets registered double-digit percentage gains, including the three largest: Germany (37.3%), France (24.3%), and Italy (11.9%).—AA
