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Renault, Toyota lead 5.9 percent European car sales gain

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Renault, Toyota lead 5.9 percent European car sales gain

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PARIS (Reuters) – European car sales rose 5.9 percent in October, according to industry data published on Thursday, with Renault <RENA.PA> and Toyota <7203.T> leading the gains among volume carmakers. Registrations advanced to 1.208 million cars in the European Union and European Free Trade Area from 1.17 million a year earlier, Brussels-based industry association ACEA said. The gain takes the European market expansion this year to 3.8 percent. Toyota’s monthly sales jumped 20.5 percent, while France’s Renault posted a 17.6 percent increase in group registrations powered by strong demand for its no-frills Dacia lineup. PSA <PEUP.PA> registrations jumped 74 percent after it began reporting sales by the Opel and Vauxhall brands it recently acquired from General Motors <GM.N> alongside its own Peugeot, Citroen and DS marques. The combined sales of all five brands rose about 6.7 percent year-on-year. Carmakers reported a sharp UK sales decline in October, contrasting with buoyant demand in France and southern Europe, according to data published earlier this month.

(Reporting by Laurence Frost; Editing by Bate Felix)
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