New car registrations in the EU surge. May 2023 saw a surge in new car registrations in the European Union (EU) market.
The European Automobile Manufacturers’ Association (ACEA) announced an impressive 18.5% growth compared to the previous year.
The EU car market has been consistently growing month after month, as indicated by the press release.
In May, registrations reached approximately 1 million units, marking the tenth consecutive month of growth.
However, it is important to note that the current numbers are still significantly lower than the car sales in 2019.