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.
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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.
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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.
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