EU passenger automotive registrations soar 16% in November, Jan to July weak spot (OTCMKTS:VWAGY)

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European Union passenger automotive registrations dropped 6.1% within the eleven months of 2022, nonetheless was up 16.3% in November, with 829,527 models bought.

This compares to the October determine of 12.2%.

November experiences, bifurcating geographically: Germany up 31.4%, Italy up 14.7%, Spain up 10.3%, and France up 9.8%.

Q3 2022 market share – gasoline varieties of new automobiles: battery electrical 11.9%, hybrid 22.6% and petrol 37.8%, in line with European Car Producers’ Affiliation (ACEA).

Geographically eleven month efficiency 2022: Italy recorded the weakest consequence to this point this yr, down 11.6%, adopted by France down 8.7%, Spain down 4.4% and Germany down 2.4%. Although outcomes have been robust within the current months, the weak spot posted between January to July was sufficient to pull down the general numbers.

Tickers to look at: Volkswagen (OTCPK:VWAGY); Stellantis (NYSE:STLA); Renault (OTCPK:RNSDF); Toyota (NYSE:TM) ; Ford (NYSE:F); Volvo (OTCPK:VLVLY).

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