PZPM - ACEA - New registrations of PC by fuel - March 2024
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%).
