New car sales in the European Union rose 13.7% in April on the year for their biggest jump since last October, Europe's auto industry body said on W
New car sales in the European Union rose 13.7% in April on the year for their biggest jump since last October, Europe's auto industry body said on Wednesday, after registrations fell in March.
Why it's important Top European carmakers are betting on car sales to pick up over the year, despite warning that the market will be tough because of slowing sales growth of electric vehicles and rising Chinese competition, while consumers struggle with high interest rates. Tesla, however, registered just 13,951 vehicles in April, the European Automobile Manufacturers’ Association said Wednesday, down 2.3% from a year ago and its worst tally since January 2023. Tesla’s result was an exception in an otherwise encouraging month for battery-electric vehicle sales.
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