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European car sales up 8.6% in October, driven by Volkswagen rebound - ACEA - REUTERS

NOVEMBER 19, 2019

FRANKFURT (Reuters) - Passenger car registrations in Europe rose 8.6% in October, to their highest level since 2009, driven by robust demand in Germany and France and a rebound in demand for Volkswagen (VOWG_p.DE) which posted a 29% gain.

Registrations rose to 1.214 million cars in the countries of the European Union and the European Free Trade Agreement (EFTA), statistics published by the European Auto industry association ACEA on Tuesday showed.

In the year-earlier period, registrations were depressed as carmakers struggled to certify new vehicles to meet the Worldwide Harmonised Light Vehicle Test Procedure (WLTP).

Volkswagen, which is also preparing to launch a new version of its Golf, is whittling down inventories of the old model, helping the German brand to outsell Renault, which posted a 15.8% gain and Hyundai which saw sales rise 13.4%.

A 12.7% overall rise in Germany and an 8.7% increase in France helped to outweigh a 6.7% drop in registrations in Britain, ACEA statistics showed.

Reporting by Edward Taylor, Editing by Tassilo Hummel

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