Volkswagen, BMW Lead European Car Sales Gains on New Models

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Oct. 18 (Bloomberg) -- Volkswagen AG and Bayerische Motoren Werke AG led gains in European car sales as new models propelled demand and the German carmakers' home market grew.
Registrations climbed 1.1 percent to 1.27 million vehicles from 1.26 million units a year earlier, the Brussels-based European Automobile Manufacturers Association, or ACEA, said today in a statement. Nine-month sales declined 0.8 percent to 10.5 million registrations.
Germany was the only car market among Europe's top five to expand last month, with an 8.1 percent increase, according to the ACEA. Wolfsburg-based Volkswagen has introduced a new version of the Passat mid-sized car and a revamped Audi A6 sedan in the past year. Munich-based BMW redesigned its mid-size 5- Series line last year, and its global deliveries of the revamped X3 sport-utility vehicle tripled last month.