In August, the EU car market expanded by 21%, reaching 787,626 registered units, “marking the thirteenth consecutive month of growth,” said the ACEA. “Despite August typically being a slower month for car sales, double-digit gains indicate that the EU market is rebounding from last year’s component shortages. There were double-digit percentage gains in most markets, including the three largest: Germany, up 37.3%, France, up 24.3%, and Italy, up 11.9%,” the group stated. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on F:
- Ford (NYSE: F) Warns that UK’s Shift on EV Deadline Could Derail Cleaner Future
- Ford (NYSE:F) Averts Double Strike Threat
- UAW threatens to widen strike as talks resume in Detroit, WSJ reports
- Ford (NYSE:F) in Jeopardy as Canadian Workers Threaten to Join Strike
- Big Three Automakers Slide Again as Strike Continues
