Car sales in the EU drop by 5.2%, minus one million cars sold

20 April 20242 weeks ago babelfish

The bad news continues for the European industry: car registrations in the European Union fell 5.2% year-on-year to 1 million units in March 2024 , reversing the trend from the 10.1% jump. % of the previous month, in a usually positive month for car sales.

This was the first decline of the year and the largest since July 2022, due to the impact of the Easter holidays and the end of promotions. Sales in most EU markets saw declines, including Germany (-6.2%), Spain (-4.7%), Italy (-3.7%) and France (-1.5%). ).

Meanwhile, registrations of battery electric cars in the EU shrank by 11.3% to 134.4 thousand units, reflecting the broader market downturn. As a result, their market share fell to 13% from 13.9% in the same month of 2023. Quesoot questions the safe future affirmation of electric cars, because, simply, citizens don't want to buy them.

Among the three largest BEV markets, Belgium and France recorded double-digit increases of 23.8% and 10.9% respectively, while Germany suffered a significant decline of 28.9%. Here is the graph with the sales trend, however increased compared to February

For the first quarter of the year, car registrations grew 4.4% year-on-year, reaching nearly 2.8 million units, with new battery electric cars recording a 3.8% increase, reaching 333 units.

Now it will be interesting to see how sales will go in April and, above all, in May, when the difference linked to the Easter holidays will no longer be felt between 2023 and 2024. May will mark an important moment to understand whether there is a real crisis in the European car sector .

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The article Car sales in the EU drop by 5.2%, minus one million cars sold comes from Economic Scenarios .

This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/le-vendite-di-auto-in-eu-calano-del-52-meno-un-milione-di-auto-vendute/ on Fri, 19 Apr 2024 05:15:44 +0000.