ACEA Says Auto Purchases Increased by 4.9% in Europe in October
European auto sales grew 4.9% in October as electric models outpaced gas and diesel counterparts for the first time. Data from the European Automobile Manufacturers' Association (ACEA) captures a pivotal moment for an industry that has weathered multiple challenges throughout the year, from trade tensions to slower-than-expected technological transitions. According to the ACEA, registrations across the EU, Britain and EFTA countries reached 1.092 million units in October. Germany led the expansion with 7.8% growth while Spain jumped 15.9%. France gained 2.9% and the UK added a modest 0.5%. Italy bucked the trend with a 0.5% decline, making it the only…
