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Automotive Industry:Europe: Difference between revisions
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In July 2023, the EU car market continued its growth trajectory, expanding by 15.2% the twelfth consecutive month of growth. New car registrations reached 851,156 units as the bloc recovers from last year’s component shortages. Most markets posted solid growth, including the four largest: France (+19.9%), Germany (+18.1%), Spain (+10.7%) and Italy (+8.7%). | In July 2023, the EU car market continued its growth trajectory, expanding by 15.2% the twelfth consecutive month of growth. New car registrations reached 851,156 units as the bloc recovers from last year’s component shortages. Most markets posted solid growth, including the four largest: France (+19.9%), Germany (+18.1%), Spain (+10.7%) and Italy (+8.7%). | ||
From January to July 2023, new EU car registrations grew significantly (+17.6%), totalling 6.3 million units. Despite indications of the European automotive industry's recovery from pandemic-related supply disruptions, year-to-date volumes are still 22% lower than in 2019. There were double-digit percentage gains in most markets during this seven-month period, including the four largest: Spain (+21.9%), Italy (+20.9%), France (+15.8%), and Germany (+13.6%).<ref>https://www.acea.auto/files/20230830_PRPC_2307_FINAL.pdf</ref> | From January to July 2023, new EU car registrations grew significantly (+17.6%), totalling 6.3 million units. Despite indications of the European automotive industry's recovery from pandemic-related supply disruptions, year-to-date volumes are still 22% lower than in 2019. There were double-digit percentage gains in most markets during this seven-month period, including the four largest: Spain (+21.9%), Italy (+20.9%), France (+15.8%), and Germany (+13.6%).<ref>https://www.acea.auto/files/20230830_PRPC_2307_FINAL.pdf</ref> | ||
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