European Car Sales Strength Builds Through September, With Broad Regional Growth

By the end of September, European passenger car sales rose by 20.7 percent, reaching 1.2 million units. This upturn is supported by data from Autostat citing the European Automobile Manufacturers Association, ACEA. The broader European market shows solid momentum, driven by steady consumer demand, gradual improvements in supply chains, and a shift in model mix toward more efficient and electrified options. In the first nine months of 2023, total car sales in Europe reached 9.7 million vehicles, signaling a 17 percent increase compared with the same period in the prior year. The period demonstrates a persistent demand recovery across multiple European markets, with country-level performance varied but the regional trend clearly positive. Autostat and ACEA provide the basis for these observations.