(Finance) – In June, the European car market grew by 17.8% to 1 million units registered. This growth – explains theACEA – can be mainly attributed to the rebound from a low baseline relative to the same period last year due to component shortages.
With the exception of Hungary which recorded a decline of 1.4%, the other European markets grew. These are Germany (+24.8%), Spain (+13.3%), France (+11.5%) and Italy (+9.1%).
In the first half of the year, new EU car registrations increased significantly (+17.9%), reaching 5.4 million units.
Volumes are, on the other hand, 21% lower than in 2019. Most of the markets in the region grew significantly in the first six months of 2023: Spain (+24%), Italy (+22.8%), France (+15.3%) and Germany (+12.8%).