Registrations of passenger cars in European Union. ACEA data

In March 2023, the EU car market recorded a significant 28.8% increase in passenger car registrations, surpassing more than a million units (1,087,939). All the bloc’s largest markets saw double-digit growth last month, with Spain (66.1%) and Italy (40.7%) in the lead.

In the first quarter of 2023, the EU car market saw a substantial increase in new car registrations, with almost 2.7 million units sold. This marks a 17.9% increase compared to 2022, following solid results in the first three months. Among the four major EU markets, Spain (+44.5%) saw the highest gains, followed by Italy (+26.2%), France (+15.2%), and Germany (+6.5%).

Sent by PZPM | Polish Automotive Industry Association