Home Latest News & Insights NEW CAR REGISTRATIONS IN EU SURGE IN MAY-23

NEW CAR REGISTRATIONS IN EU SURGE IN MAY-23

June 21, 2023
car market

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.