New car registrations in the European Union dropped in March, with the timing of the Easter holidays hammering sales, according to the European Automobile Manufacturers’ Association or ACEA.
Source: Sharecast
Sales across the bloc totalled 1.03m last month, down 5.2% on March 2023, following annual increases of 12.1% and 10.1% in January and February, respectively.
This was the worst year-on-year decline in sales since November 2022.
According to the ACEA, the EU's four largest markets suffered notable declines: Germany (‑6.2%), Spain (-4.7%), Italy (-3.7%), and France (-1.5%).
What's more, battery-electric car sales dropped by 11.3% to just 134,397 units sold across the region, which the ACEA said reflected the "broader market downturn". The result was BEV's share of the market falling to 13.0%, from 13.9% a year earlier.
The market share of hybrid-electric cars, however, increased to 29% from 24.4% 12 months prior, as sales increased by 12.6% to 299,426 units. Plug-in hybrids fell 6.5% o 73,029, giving them a market share of 7.1%.
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