New car registrations across Europe increased for the second consecutive month in August, according to figures released by ACEA.
Registrations in the EU, EFTA countries, and the UK rose 4.7% to 791,349 vehicles, marking a 0.4% gain since the start of the year. France and Germany saw growth of 2.2% and 5%, respectively, while Italy experienced a 2.7% decline.
Electric vehicle registrations surged 26.8%, plug-in hybrid sales jumped 56.3%, and hybrid-electric cars increased by 11.7%. In contrast, petrol and diesel car registrations fell by just over 17%.
The Stellantis group (BIT:STLAM), which comprises brands such as Fiat, Jeep, Alfa Romeo, Peugeot, Opel/Vauxhall, Citroen, and DS, recorded a 2.2% increase in registrations in August, capturing a 13.4% market share. However, the group remains down 7.4% year-to-date.
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