Automotive Industry: Europe

March 2024 Europe registration shows a decline, they are attributing the decline to the easter holidays.

  • EU car registrations decline by -5.2 Y/Y on March 2024, and -2.8 Y/Y for EU+EFTA+ UK.

  • Battery electric declined by -11% Y/Y, but hybrid electric showed growth of 15.4% Y/Y.

  • For Q1 2024, EU grew registrations 4.4%y/y to 2,769,639, and EU+EFTA+UK 4.9%y/y to 3,396,049.

  • Battery electric grew 3.5%y/y to 448,228 registrations in all Europe, and hybrid electric grew 19.7%y/y to 1,010,500

  • These were registrations by major manufacturers.

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