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

Business and Finance Business and Finance

Thu, December 19, 2024

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

^{Published on 2024-12-19 00:40:46 - Reuters}

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/ ]

N@N

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