ECONOMY

New car sales up nearly 14%

New car sales up nearly 14%

New car sales in July rose 13.9% compared to July 2022. Since the start of the year, they have risen 26% compared to January-July 2022.

Part of it is due to delayed orders because of earlier disruptions in global supply chains.

Electric and hybrid cars are catching on, with rechargeable models making up 10.1% of July sales, from 5.4% in July 2022. 

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