Auto sales in Europe rose in July as growing demand for electric vehicles and improved parts availability helped fuel an 12th consecutive month of growth.
New-car registrations increased 17% to 1.02 million vehicles, the European Automobile Manufacturers’ Association said Wednesday. Sales of battery-electric cars surged 62%, while deliveries of diesel models declined 9%. Markets including Germany, France and Spain saw double-digit sales growth.
While Tesla Inc.’s Model Y was the best-selling vehicle in Europe in the first half, local manufacturers are preparing to fight back. New battery-powered models from Volkswagen AG, Stellantis NV and BMW AG will hit showrooms in the coming months, with several making their debut at next week’s IAA car show in Munich.
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