Inflationary pressures have hit the hip pocket of many consumers but data out of Europe reveals that new car registrations jumped for the fifteenth consecutive month in October and demand for new cars shows no signs of slowing down.Data published by the European Automobile Manufacturers’ Association (ACEA) reveals that new car registrations jumped by 14.6% to 855,484 units across the European Union last month. This follows a strong 12-month trend in growing demand and in the first 10 months of 2023, new car registrations across the region are up 16.7%, totaling almost nine million vehicles.Demand for new vehicles has proven to be particularly strong in Italy (+20.4%), Spain (+18.5%), France (+16.5%), and Germany (+13.5%), with Hungary being the sole country in the EU that didn’t see an increase in new car registrations during the January-October period.Read: Wealthy Nations In Europe Dominate EV AdoptionElectrified vehicles are proving to be particularly popular across the continent.