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Europe Car Sales Jump 11% in January on Pent-up Demand

From bnnbloomberg.ca

Passenger-car deliveries in Europe gained 11% in January as automakers like Volkswagen AG and Stellantis NV fed off order backlogs and demand for electric cars recovered. New-vehicle registrations rose to 1.02 million units last month, the European Automobile Manufacturers’ Association said Tuesday. Fully electric vehicles made up 11.9% of total deliveries, up from 10.3% a year ago as automakers seek to reboot purchasing amid a bruising price war. While carmakers continue to benefit from healthy order books, the recovery back to pre-pandemic levels will get more challenging this year. Economies are slowing in ... (full story)

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