EU car market experienced 3.3% decline in December, ACEA reports

In December 2023, the EU car market experienced a 3.3% decline, recording 867,052 units in sales, reported the ACEA. “This drop can be attributed to the high baseline performance in December 2022. December also marked the first month of contraction after 16 consecutive months of growth,” the industry group stated. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).