European car registrations up by 15.2% in July
MG News | August 30, 2023 at 11:35 AM GMT+05:00
August 30, 2023 (MLN): European new car registrations jumped 15.2% in July, the 12th consecutive month of growth as the auto industry recovers from pandemic-related supply chain issues, data from the European Automobile Manufacturers Association (ACEA) showed on Wednesday, as Reuters reported.
Electric vehicle sales jumped 60.6%, continuing a rise buoyed by subsidies in a number of European Union countries.
Full EVs accounted for 13.6% of all new car sales, up from under 10% in July 2022.
Plug-in hybrids, which have both a combustion engine and a large battery, accounted for 7.9% of sales, while one in four vehicles sold in the EU was a full hybrid.
Between them, petrol and diesel engine models made up just under 50% of sales.
Diesel vehicles, which alone comprised more than 50% of new car sales as recently as 2015, accounted for just over 14% of sales in July.
Europe's top car seller Volkswagen posted a 17.9% increase in sales in July, the ACEA said, while BMW and Renault saw sales rise 22.5% and 16.9% respectively.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 180,204.31 228.19M | -0.61% -1105.97 |
| ALLSHR | 108,984.94 530.32M | -0.38% -417.39 |
| KSE30 | 53,682.40 63.57M | -0.60% -323.46 |
| KMI30 | 254,090.69 74.29M | -0.64% -1634.50 |
| KMIALLSHR | 69,922.08 374.36M | -0.42% -294.20 |
| BKTi | 52,041.93 16.36M | -0.38% -198.31 |
| OGTi | 35,710.52 9.52M | -0.23% -82.74 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,990.00 | 64,270.00 63,880.00 | -130.00 -0.20% |
| BRENT CRUDE | 89.36 | 89.69 87.41 | 1.64 1.87% |
| RICHARDS BAY COAL MONTHLY | 105.50 | 0.00 0.00 | -4.00 -3.65% |
| ROTTERDAM COAL MONTHLY | 120.00 | 0.00 0.00 | -1.25 -1.03% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 83.71 | 83.98 81.91 | 1.58 1.92% |
| SUGAR #11 WORLD | 16.46 | 16.63 16.29 | 0.01 0.06% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Workers' Remittances