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New car registrations: -5.2% in March 2024; battery electric 13% market share

In March 2024, the European Union car market experienced its first decline of the year, registering a 5.2% decrease to 1 million units. The timing of the Easter holidays negatively impacted last month’s sales across most EU markets, including the four largest: Germany (-6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%).
For the first quarter of the year, car registrations increased by 4.4%, reaching nearly 2.8 million units. The bloc's major markets saw solid growth from January to March, with Italy and France each recording a 5.7% increase, followed by Germany (+4.2%) and Spain (+3.1%).

Overview of current registrations

We present you the registrations figures for Trailers, Semi-Trailers and Agricultural Tractors in MARCH 2024.  Data are based on Central Register of Vehicles (CEP).

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After 10 days of APRIL this year, we see impressive double-digit year-on-year increases in the passenger car and light commercial vehicle segments. For the first time this year, heavy trucks recorded growth.
During the 10 days of April, there were registered:

•  12,664 passenger cars, 62% y/y more compared to the same period last year.
•  Light commercial vehicle registrations increased 71.6% y/y to 1,227 units.
•  Sales of new heavy trucks over 3.5t with 747 registered units. After several months of declines, registrations reached positive territory +2.3% y/y.
•  Unicycles sharply accelerated : Motorcycles: 1,575 units. +86.8% y/y ; Scooters: 467 pcs. +105.7% y/y,

Overview of current registrations

PTW:   +33,4%y/y
MC:     +36,1% y/y     MP: +24,3 %  y/y .

Data are prepared by PZPM based on Central Register of Vehicles (CEP) - Ministry of Digital Affairs (MC)

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