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ACEA: EU new car sales increased by 11.5% in February 2023

The European new car market continued to outperform the previous year for the seventh consecutive month, up 11.5% in February 2023. informed The European Automobile Manufacturers Association (ACEA) in its report.

New car sales jumped the most in Romania (plus 44.5 percent) and Portugal (up 38.4 percent), and of the region’s largest automotive markets, significant growth was seen in Spain And Italy — by 19.2% and 17.4%, respectively. However, ACEA noted that such a notable jump is associated, among other things, with a rather weak basis of comparison. In early 2022, the industry experienced a shortage of chips, which affected sales.

Associated materials:

Total in February on the market EU 802,763 new cars were registered, and in total for the first two months of this year – almost 1.6 million. February also saw an increase in the number of electric and hybrid vehicles sold, which now account for 12.1% and 25.5% of the market respectively. However, the gasoline engine remains the first choice of the European consumer, with a market share of 36.9%.

The best in terms of sales growth was the American electric vehicle manufacturer You’re here (47.7%), the top three in February also included Jaguar Land Rover Group and Mazda (44.1 and 38%, respectively). Volkswagen sold the most cars in quantitative terms (208,503 units), but improved its result a year ago by only 18.2%.

In January ACEA informedthat at the end of 2022, the European car market shrank by 4.6% in annual terms – sales of new cars fell to the lowest level since 1993 (9.3 million units). Only the German market showed positive momentum, where sales increased by 1.1%.

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