Car sales in Europe up 10% in September, best figure since April 2024, with Spain leading the way

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Bankinter | Car sales rose by 10% in September, compared to 5.3% previously.

Bankinter analysis team’s view: This is the best figure since April 2024. Among the increases, the following stood out (year-on-year): Cupra (up 48.4%), Stellantis (11.5%), Skoda (10.9%), Volkswagen (9.6%), Citröen (29.4%), Opel (14.6%) and Alfa Romeo (71.8%).

Chinese brands once again recorded strong sales growth, such as SAIC Motor (75.5%) and ByD (398%). On the negative side, Jaguar (down 36.8%), Lexus (7.9%) and Lancia (23.0%) stood out.

Geographically, Spain (up 16.4%), the United Kingdom (13.7%) and Germany (12.8%) led the way. Sales of plug-in hybrids increased by 65.4%, while conventional hybrids rose by 15.9%. Among the reasons for this growth were the launch of new models and the increased availability of electric and hybrid models.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.