(Finance) – The car market in Western Europe (EU+EFTA+UK) slowed down in March. According to what was reported by Acea, the European manufacturers’ association, registrations in the month amounted to 1,383,410, down 2.8% compared to March 2023.
Last month’s sales in the EU’s four largest markets fell respectively Germany by 6.2%, in Spain by 4.7%, in Italy by 3.7% and more France by 1.5%.
The balance sheet for the first three months remains positive
In the first three months of the year, a total of 3,395,049 cars were sold, 4.9% more than the same period last year.
On the food front, the share of electric cars in March it fell from 13.9% to 13%, while that of hybrid it rose from 24.4% to 29%. Petrol and diesel conquered less than half of the market (47.8%, compared to 51.8% in March 2023).
At the car group level, Volkswagen recorded a drop in sales of 9% to 251 thousand units and in market share to 24.3%. Stellantis recorded a decline of 12.6% to 189 thousand units with a market share of 18.3%. Renault reports a decline of 2.1% to 108,200 units and a market share of 10.5%. Toyota follows which closed the month with an increase in sales of 18.4% to 79,768 units and a share of 7.7%. Tesla drops -30.4% to 29 thousand units.