European car sales continue recovery for 14th month with 16.5 pct Oct. bump

MILAN – The European car market continued its recovery in October, recording a 6.5 per cent increase in sales to 1,072,837 units.

It was the 14th straight month of growth and the European car maker’s association on Tuesday said that most major markets experienced substantial growth. Spain grew by 26 per cent, Britain by 14 per cent and Italy, despite the continuing recession, by more than 9 per cent. Powerhouse Germany saw a more modest increase of 3.7 per cent. France alone recorded a slight decline of 3.8 per cent.

Despite the recovery, auto sales still lag behind levels before the financial crisis prompted the sector’s deepest contraction ever.

For the first 10 months of the year, the Brussels-based association reported sales up 6.1 per cent to 10.6 million.