Hyundai Motor and its smaller affiliate Kia said Friday their vehicle sales in Europe rose 9.3 percent from a year earlier last month, helped by sales of their SUV and electric models.
The FTSE 100 closed up 0.2% with risk appetite recovering as investors await tech earnings later in the day, in additing to some easing in bond yields, IG analyst Chris Beauchamp said in a note..
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Auto sales in Europe experienced a 17% increase in July, marking the 12th consecutive month of growth. The rise in sales can be attributed to the growing demand for electric vehicles and improved availability of parts. Sales of battery-electric cars surged by 62%, while diesel models saw a decline of 9%. Despite the positive growth, the industry s outlook is uncertain due to concerns about higher living and borrowing costs impacting consumer demand.