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EU AUTO MARKETS SHOW SOLID GROWTH

June 6, 2023
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EU auto markets show solid growth. The European Union (EU) car market witnessed a significant surge in new car registrations during April 2023, according to ACEA (European Automobile Manufacturers’ Association).

However, total numbers remain significantly lower than in 2019.

The EU registered a total of 803,188 units sold, marking a remarkable growth rate of 17.2% compared to the previous year.

All major EU markets observed this encouraging performance, with Italy leading the way with an impressive 29.2% increase.

Despite this positive year-on-year improvement, sales in the EU car market for the same period remained 22.8% lower than the corresponding timeframe in 2019, indicating the ongoing challenges faced by the industry.