Prices at the Pumps - April 17, 2024 #saltwire #energymarkets #pricesatthepumps #gasprices - New car sales in the European Union fell by 5.2% year-on-year in March, marking the first decline this year and the biggest since July 2022, Europe's auto industry body said on Thursday, citing the impact of early Easter holidays and a market downturn.
Sales of battery electric cars dropped by 11.3% from the previous year, reflecting a broader market downturn, ACEA said, while hybrid-electric vehicle registrations were up by 12.6%, mainly because of strong sales in France and Italy. The sale of hybrid electric cars, seen as a compromise between all-combustion and all-electric, has increased in the European Union in recent months, achieving market share of 29% in March, up from 24.4% a year ago.
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