The end of the hassle with components made Europeans rush to car dealerships. According to ACEA (European Automobile Manufacturers Association), the number of new car registrations is huge.
In March 2023, the EU car market recorded a significant increase in the number of passenger car registrations - by 28.8%, exceeding one million units (1,087,939). All of the block’s largest markets posted double-digit growth last month, with Spain (66.1%) and Italy (40.7%) leading the way.
In the first quarter of 2023, the EU car market saw a significant increase in new car registrations, with almost 2.7 million units sold. This means an increase of 17.9 percent. compared to 2022 after excellent results in the first three months. Of the four main EU markets, Spain recorded the highest growth (+44.5%), followed by Italy (+26.2%), France (+15.2%) and Germany (+6.5%).
Types of new automotive fuel
In March, there was a significant increase in the market share of hybrid cars to 24.3 percent. and electric vehicles to 13.9 percent. Despite the shift to more environmentally friendly models, petrol vehicles still hold the largest market share at 37.5%.
electric cars
The EU saw a significant increase in new electric vehicle (BEV) registrations last month, rising by a whopping 58%. up to 151,573 units. This corresponds to a market share of 13.9 percent. represents an increase of 2.5%. compared to March 2022 (11.4%). Most EU Member States recorded double and triple digit percentage increases. It is worth noting that in the third largest market, the Netherlands, sales more than doubled, up 132.6 percent. As a result, the cumulative number of units registered in the first quarter of 2023 increased by 43.2%. up to 320 987.
Full hybrids
For hybrid electric vehicles (HEVs), March was another good month, with sales up 38.1%. up to 264,694 units. This increase was largely driven by double-digit growth in four key EU markets, notably Spain (+75.3%) and Italy (+47.8%). As a result, HEVs achieved a market share of 24.3%, up 1.6%. compared to March 2022
Plug-in hybrids
After declining in the first two months of 2023, the plug-in hybrid vehicle (PHEV) market in the EU recorded a slight increase of 4.3% in March after sales improved in three of the top four markets: Spain (+80.1%). against ), France (+34.5%) and Italy (+23.1%). On the other hand, the German market shrank by 38.5%. Despite growth in some key markets, overall EU PHEV market share is losing ground to other vehicle segments, falling by 1.6%. from 8.8 percent in March 2022 to 7.2 percent. in 2023
Petrol and diesel vehicles
In March 2023, the number of new petrol vehicle registrations in the EU increased significantly (+29.9%), now accounting for 37.5% of the market. (up 0.4 percent compared to March 2022). This growth was mainly concentrated in four key markets: Spain (+82%), Italy (+45.5%), France (+24.4%) and Germany (+22.8%). As a result, almost 1 million petrol vehicles were sold in the first quarter of 2023, up 18.6%. Every year.
The EU diesel car market also performed better in March compared to 2022 (+11.8%), mainly due to the top three markets: Italy (+38.2%), Spain (+21.1%) and Germany ( +7.8%. . However, diesel vehicles account for only 14.5 percent. EU market share, which means a decrease of 1.1 percent. compared to March 2022
Source: Wprost
I am Jason Root. I work in the news website industry and mostly cover the automobile industry. I have also written for Daily News Hack. My work revolves around new car models, prices, and features. In addition, I often write about used cars and tips for buying them. My articles are meant to be helpful for those who are in the market for a new or used car.
