EU New Car Registrations Rose Moderately in July

By Nina Kienle

New car registrations in the European Union rose moderately in July amid mixed regional results.

Vehicle registrations, which reflect sales, rose 0.2% on year last month to 852,051 vehicles, with slight increases in Italy and Spain, but declines in French and German markets, according to the European Automobile Manufacturers' Association.

In Italy and Spain registrations rose 4.7% and 3.4%, respectively, whereas they declined in France by 2.3% and in Germany by 2.1%, the industry group known as the ACEA said.

In the first seven months of the year, EU new car registrations rose 3.9% to 6.5 million vehicles, the ACEA said.

Battery-electric vehicles made up 12% of the EU's car market last month, down from 14% a year ago, after gains in Belgium and the Netherlands couldn't offset Germany's decline.

Hybrid-electric vehicles increased their market share, increasing to 32% from 26%. The combined share of petrol and diesel cars fell to 46% from 50%.

BMW, Mercedes-Benz and Toyota posted increased group registrations, while Volkswagen, Stellantis and Renault reported declines.

Write to Nina Kienle at nina.kienle@wsj.com

(END) Dow Jones Newswires

August 29, 2024 00:14 ET (04:14 GMT)

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