In March slows down the car market in Europe. According to Acea, the European manufacturers' association, the registrations of the month were 1.383.410, recording a 2,8% decrease compared to March 2023. It is the first market decline in the new year.
Car registrations: the EU goes down, the United Kingdom goes up
Only inXNUMX-XNUMX business days, registrations are decreased by 5,2% with 1 million units sold. All four main markets were down, with drops of 6,2% in Germany, 4,7% in Spain, 3,7% in Italy and 1,5% in France respectively. Also badEfta area which drops by 27,2%. However, the market is doing well UK (+10,4%) which partially offset the decline in other markets.
Overall, the balance sheet for the first three months of the year is positive, with a 4,9% increase in registrations across Europe, totaling 3.395.049 cars sold, 4,9% more than the same period of the previous year.
Car registrations: electric cars down, hybrids doing well
Sales of electric cars recorded a decline of 11,3% in Europe in March, totaling 134.397 units. The market share thus drops to 13% compared to 13,9% in March 2023. Among the three main fully electric car (BEV) markets, Belgium recorded an increase of 23,8%, France of 10,9 %, while Germany saw a significant drop of 28,9%.
On the contrary, the sales of hybrid cars they have increased by 12,6%, reaching 299.426 units and increasing the market share from 24,4% to 29%. Driving registrations are France (+29,6%) and Italy (+8,3%). Germany, on the other hand, did poorly (-0,3%).
The rest of the market is still dominated by combustion cars. The combined sales of petrol and diesel cars they accounted for less than half of the market, falling to 47,8% from 51,8% last year. Sales of petrol cars decreased by 10,2% with Italy going against the trend and recording a +5,7%. Diesel cars also fell at 18,5%.
Car registrations: Volkswagen and Stellantis do badly, Toyota goes up
Volkswagen recorded a drop in sales of 9%, totaling 251.000 units and a market share of 24,3%. stellantis fell by 12,6%, selling 189.000 units and obtaining a market share of 18,3%. Among the Stellantis brands, Citroen (-1,7%), Jeep (0,4%) and Lancia (-3,8%) limited the losses, while Peugeot, Opel and DS recorded declines of around 20%. Strong decline of over 30% for the Dodge, Maserati and Ram brands. Renault it remained in third position with a contraction of 2,1%, selling 108.200 units and obtaining a market share of 10,5%. Toyota stood out in fourth place with an increase in sales of 18,4%, reaching 79.768 units and a market share of 7,7%. Tesla recorded a decline of 30,4%, selling 29.000 units. The Chinese Saic Motor instead it recorded growth of 9,8%, selling 12.591 units and obtaining a market share of 1,2%.
