European car market recovering, but Tesla (TSLA.US) sales plummeted by 40%, market share surpassed by BYD.

According to the Wisdom Financial APP, the latest statistical data released by the European Automobile Manufacturers Association on Thursday showed that in July, European new car sales increased by 5.9% compared to the same period last year, mainly due to strong demand growth in the German market offsetting the negative impact of declining demand in the UK, France, and Italy.