Home Latest News & Insights EU CAR REGISTRATIONS EXPERIENCE 17.8% UPTURN

EU CAR REGISTRATIONS EXPERIENCE 17.8% UPTURN

July 24, 2023
EU Car Registrations

EU car registrations experience 17.8% upturn. The European Union (EU) experienced a notable increase in June 2023 compared to the same month last year, according to reports from the European Automobile Manufacturers’ Association (ACEA).

The figure underscores an increased volume in new units registered across member countries.

In the broader context of 2023, this significant monthly growth complements the overall upward trend for the first half of the year.

New car registrations during this period increased by 17.9%, translating to a total of 5.4 million units.

The most substantial growth occurred within the largest markets: Germany, Spain, France, and Italy.

Noteworthy in this EU car registrations experience upturn is the pronounced growth in the market share of battery-electric vehicles.

In June, these vehicles represented 15.1% of all new car registrations, marking an appreciable rise from 10.7% in June 2022.

This substantial shift points to a growing preference for more sustainable transport options among EU consumers.