European car sales grew in September

Caitlin Morrison
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Automobile Production At PSA Peugeot Citroen Plant In Mulhouse
PSA Group was one of the few companies that didn't see growth last month (Source: Getty)

European car sales grew by 7.3 per cent last month with both volume and luxury car makers reporting strong performances.

Registrations of new passenger cars in the European Union and the European Free Trade Association rose to 1.5m vehicles in September, a seasonally strong month, from 1.4m a year earlier, the Brussels-based Association of European Carmakers (ACEA) said.

Renault posted the largest gain among major car manufacturers with an 18.7 per cent increase even as growth in its French home market edged up only 2.5 per cent.

Fiat Chrysler jumped 14.2 per cent, helped by double-digit growth in Italy, Spain and Portugal.

For the 28-nation EU excluding Malta, the 1.46m tally, a 7.2 per cent gain year-on-year, marked a new record for September, ACEA said, adding the region's top five markets of Germany, Britain, France, Italy and Spain kept growing.

France's PSA Group dropped 5.8 per cent, with the Peugeot brand, Citroen and the upscale DS line all showing declines. Ford was the only other major car maker in the red, with sales down 0.7 per cent.

Volkswagen, a year after its emissions scandal came to light, posted a 3.3 per cent advance in European registrations at the VW brand, its fourth-best monthly result this year. It's the first time the German business has recorded an uptick in sales since the emissions scandal rocked the company.

Luxury nameplates BMW, Mercedes-Benz, Audi and Lexus posted double-digit or near double-digit growth.

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