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European car sales accelerate to decade-high speed in October

Salima Bhutto by Salima Bhutto
November 20, 2019
European car sales accelerate to decade-high speed in October

European car sales accelerate to decade-high speed in October

LONDON: European motor vehicle gross sales have hit their maximum October level in a decade.
The European Automobile Manufacturers Association said that the 8.7 percent rise in registration to 1.18 million vehicles marked the highest October total on record since 2009 the sector increases from a stall last year over tighter pollution regulations.

Read more: China to invest $10 billion in oil, gas sector: Bakhtiar

Yearly observations were inflated as a number of carmakers had difficulty meeting the stricter pollution measuring methodology that went into force on 1st September 2018 which sent sales more than seven percent lower in October last year.

Also read: Bangladesh imports onions on urgent basis as prices soar

Over the first 10 months of this year, sales are 0.7 percent lower compared to the same period last year.
A global growth production triggered by trade wars and Brexit uncertainty has hit the car industry particularly hard, with German carmaker Volkswagen as its demand has fallen.

Also read: Saudi Aramco declares $1.71 trillion valuation in IPO

Tags: carEuropeanEuropean carsMM groupmm newsmm tv
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