EU new car sales drop by 5.2% in March, says ACEA

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 today, citing the impact of early Easter holidays and a market downturn.

Car registrations fell in March by a yearly 6.2% in Germany, 4.7% in Spain, 3.7% in Italy and 1.5% in France, data by the European Automobile Manufacturers Association showed. EVs sales growth has slowed, and investment in capacity and technology development has outrun demand as many prospective buyers are deterred by cost and continuing doubts about infrastructure.

Electrified vehicles - either fully electric models, plug-in hybrids or full hybrids - sold in the EU accounted for 49.1% of all new passenger car registrations in March, up from 45.5% in the previous year.

Business Electric Vehicles European Car Sales European Automobile Manufacturers' Association

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