EU passenger car registrations up 16.3% in November

In November, the EU new passenger car market posted "another strong uplift" of 16.3%, the fourth in a row this year, said the European Automobile Manufacturers Association. Nevertheless – with 829,527 units sold – last month’s volumes remained well below the pre-pandemic levels of November 2019, when 1 million cars were registered, the group added. Eleven months into 2022, new passenger car registrations across the European Union were 6.1% lower compared to the same period last year, the group said. 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).