A surge in UK auto sales and an extra working day boosted Europe's new car market in September, giving evidence that demand may be slowly bottoming out after plumbing lows not seen in over 20 years.
The European car market has been a prime casualty of the continent's economic crisis as hard-pressed consumers defer purchases and a number of leading makers such as Peugeot (PEUP.PA) have been forced into radical restructurings.
Automotive industry association ACEA said on Wednesday new car registrations in the European Union climbed 5.4 percent from a year ago to 1.16 million vehicles in September, only the third monthly gain in the past two years.
The figures echo findings earlier this month that sales of new cars had grown in France and Spain during September.
Read more: Europe's car market grows in Sept from record low levels | Reuters
The European car market has been a prime casualty of the continent's economic crisis as hard-pressed consumers defer purchases and a number of leading makers such as Peugeot (PEUP.PA) have been forced into radical restructurings.
Automotive industry association ACEA said on Wednesday new car registrations in the European Union climbed 5.4 percent from a year ago to 1.16 million vehicles in September, only the third monthly gain in the past two years.
The figures echo findings earlier this month that sales of new cars had grown in France and Spain during September.
Read more: Europe's car market grows in Sept from record low levels | Reuters
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