17.7 C
Munich
Wednesday, August 30, 2023

The European car market is growing like weeds

Must read

Another month in a row in Europe recorded significant growth. Both large and smaller markets are facing a huge increase in demand.

In the seventh month of 2023, 851,156 new passenger cars were registered in the EU, up 15.2% from the previous year. more compared to the same month last year. According to the European Automobile Manufacturers Association (ACEA), this was the twelfth consecutive month of growth.

The final end of the crisis

The number of new car registrations is gradually increasing as the industry recovers from last year’s parts shortage. Most EU markets recorded strong growth, with the top four markets being France (+19.9%), Germany (+18.1%), Spain (+10.7%) and Italy (+8.7%).

From January to July 2023, the number of new car registrations in the EU also increased significantly (+17.6%), reaching a total of 6.3 million units. Most markets posted double-digit percentage gains over a seven-month period, including the top four: Spain (+21.9%), Italy (+20.9%), France (+15.8%) and Germany (+13.6%). %).

But 2019 is far away

According to ACEA experts, despite signs of a recovery in the European auto industry after supply disruptions caused by the pandemic, volumes since the beginning of the year are still down by 22 percent. lower than in 2019.

How about in Poland?

An analysis by IBRM Samar based on data from the Central Register of Vehicles and Drivers (CEPiK) shows that 36,388 passenger cars were registered in Poland in July 2023, up 4.86 percent from the previous year. more than a year earlier, and by 12.49 percent. less than in June 2023. For the period from January to July 2023, 275,061 cars were registered in our country, an increase of 11.31 percent. more compared to the same period last year.

Designed by: Marcin Klimkowski
Source: ACEA, IBRM Samar
  • News
  • Ratings
  • Market

Source: Wprost

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Stories