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Economy

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EU passenger car registrations up 1.2 percent

– The European car market is slowly mounting a rebound, with new car registrations up for the third month in a row.

The European carmakers’ association reported Tuesday that EU passenger car sales were up 1.2 percent in November. But car sales for the year to the end of November are still below the same period last year.

Amid Europe’s recession, car registrations fell nearly uninterrupted for about two years until September, when they began to rise again. Growth is now slowly coming back, so the car industry may have hit bottom. But some significant markets are still losing ground. Registrations in France fell 4 percent in November, while they dropped 2 percent in Germany.

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