PZPM - ACEA - NEW PASSENGER CAR REGISTRATIONS, EUROPEAN UNION1 - September 2023
In August 2023 , the EU car market expanded by 21%, reaching 787,626 registered units, marking the thirteenth consecutive month of growth. Despite August typically being a slower month for car sales, double-digit gains indicate that the EU market is rebounding from last year’s component shortages. There were double-digit percentage gains in most markets, including the three largest: Germany (+37.3%), France (+24.3%),and Italy (+11.9%).
From January to August 2023 , new EU car registrations grew substantially (+17.9%), totalling 7.1 million units. Despite this year-to-date improvement, the market trails the pre-COVID-pandemic level of 9 million units sold in 2019. Notably, most markets experienced double-digit percentage gains in this eight-month period, including the four largest: Spain (+20.5%), Italy (+20.2%), France (+16.6%), and Germany (+16.5%).
More information in reports below and Acea.auto
