European car sales fall in November, led by France and Italy, ACEA says

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European car sales fall in November, led by France and Italy, ACEA says

//business-finance.news-articles.net/content/202 .. -november-led-by-france-and-italy-acea-says.html

Published in Business and Finance on Thursday, December 19th 2024 at 0:40 GMT by Reuters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

New car sales growth in Europe turned negative again in November, after showing a meagre growth in October, weighed by sharp declines in France and Italy, and a stagnation in Germany, industry data showed on Thursday.

In November 2024, European car sales experienced a decline, primarily driven by significant drops in France and Italy, according to data from the European Automobile Manufacturers Association (ACEA). France saw a 12.4% decrease in new car registrations, while Italy's sales fell by 11.6%. Despite these declines, the overall European market showed resilience with a slight increase in sales in Germany by 5.7% and Spain by 3.1%. The ACEA highlighted that the market dynamics were influenced by various factors including economic conditions, consumer confidence, and the ongoing shift towards electric vehicles, although specific sales figures for electric cars were not detailed in the report.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/european-car-sales-fall-november-led-by-france-italy-acea-says-2024-12-19/ ]

Publication Contributing Sources

Reuters

N🟁N

European car sales fall in November, led by France and Italy, ACEA says