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via rte.ieEconomy

Europe car sales rise 10% in September on EV surge

FROM THE WIRE · RTE.IE

Strong demand for electrified cars helped Europe's new-car market grow in September, offsetting another sharp decline in petrol and diesel vehicle sales, data from the European Automobile Manufacturers' Association showed today.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA monthly auto sector data point for Europe, relevant to the sector but not market-moving.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01New car sales in Europe grew in September.
  2. 02Strong demand for electrified cars offset another sharp decline in petrol and diesel sales.
  3. 03The data was published by the European Automobile Manufacturers' Association.

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