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EU brand-new vehicle sales jump 13.7% in April, market body says

New car sales in the European Union rose 13.7% in April on the year for their greatest dive considering that last October, Europe's car industry body stated on Wednesday, after registrations fell in March.

The European Vehicle Manufacturers Association (ACEA). said an uptick in major markets Spain, Germany, France and Italy. drove the increase, while an early Easter included two additional sales. days to the month.

WHY IT is essential

Top European carmakers are banking on automobile sales to choose. up for many years, regardless of alerting that the marketplace will be difficult. because of slowing sales growth of electric vehicles (EVs) and. rising Chinese competition, while consumers have problem with high. rates of interest.

BY THE NUMBERS

Sales of battery electric cars in April rose by 14.8% from. the previous year, while those of hybrid-electric vehicles grew. 33.1%, the ACEA information revealed.

Electrified cars, whether totally electric designs, plug-in. hybrids or full hybrids, sold in the European Union accounted. for 47.8% of all new automobile registrations in April, up. from 44.1% in the previous year.

Car registrations at Europe's three biggest carmakers. Volkswagen, Stellantis and Renault. grew by 15.5%, 1.7% and 11.0% respectively in the EU,. while Toyota saw registrations leap 47.3%.

The variety of new automobiles signed up in April in the EU,. Britain and the European Open Market Association (EFTA) increased by. 12.0% to 1.08 million cars, the information showed.

CONTEXT

European vehicle giants Volkswagen, Mercedes-Benz and. Stellantis all published lower sales and first-quarter revenue last. month, confronted with greater expenses and weaker need for brand-new cars as. interest rates remain high, while the companies are increase brand-new. models including inexpensive EVs.

The sale of hybrid electrical automobiles, viewed as a compromise. in between all-combustion and all-electric, has increased in the. European Union in recent months.

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(source: Reuters)