Europe’s new-car market grew 10.2% in September as registrations reached 1.36 million vehicles. Data from the European Automobile Manufacturers' Association showed that strong demand for electrified cars helped the industry. This surge offset a sharp fall in petrol and diesel sales, showing how many buyers now prefer cleaner vehicle options.
Oct 22 (Reuters) - 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 on Thursday.
New-car registrations, a proxy for sales, rose 10.2% year-on-year to 1.36 million vehicles across the European Union, Britain and the European Free Trade Association, ACEA said.
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Demand for electrified vehicles remained strong across major European markets, supported by purchase incentives and a broader model lineup.