Europe Car Sales Set Growth-Streak Record on Price Cuts

European car sales rose a 12th consecutive month as price cuts by automakers and demand for compact models from Ford Motor Co. and Volkswagen AG led to the longest stretch of growth on record.

Registrations increased 1.8 percent in August to 701,118 vehicles from 688,464 a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said today in a statement. The growth, the slowest this year, pared sales gains in the eight months through August to 5.8 percent.