Cars: leap in EU registrations in April (+17.2%), electric cars at 11.8% of the market

Cars leap in EU registrations in April 172 electric cars

(Tiper Stock Exchange) – The European car market continues to run in April, confirming the positive trend started since the beginning of the year. Based on the latest data published by theACEAthe European Automobile Manufacturers Association, registered a increase of 17.2% to 803,188 units compared to 685,075 units sold last year. The data carries the balance sheet from the beginning of the year to +17.8% compared to the first four months of 2022. Also including EFTA (Free trade association comprising Switzerland, Iceland and Norway) and the United Kingdomsales score a 16.1% increase in April and +17.2% in the first four months of 2023.

In April, the tricolor car market recorded an increase of 29.2%, while the Spain recorded a more moderate increase of 8.2%, la France a +21.9% and the Germany a +12.6%.

As far as individual brands are concerned, Stellantis recorded an 8.7% increase in sales overall the European Union plus EFTA and UK, with a market share down to 18.6%. In particular, Peugeot recorded an increase of 16.2% with a share down to 5.7%, while Fiat recorded a decrease of 5.4% with a market share down to 3.5%.

The Volkswagen Groupincluding Audi and Porsche, shows a very positive performance (+31.2%) and bring his own market share increased to 27.4%. Among the other most popular brands in Europe, the Renault records a growth in sales of 41.1%, with the share increasing to 11.4%. Among the highest-end cars, the German Mercedes scores a +5.8%, with market share falling to 5.5%, while BMW (including the Mini) registers a +8.6% in terms of sales with market share down to 6.7%.

Of note is the uninterrupted rush of electric carswhich score in April a +51.9% in terms of salesbringing the total growth since the beginning of the year to +45.1%. Market share reached 11.8%with an increase of 3 percentage points compared to April 2022. Electric hybrids mark a +22.7% in terms of sales, while plug-in cars slow down (-5.5%) after a positive month in March.

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