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EU new car registrations down 5.2% in March

In March, the European Union car market experienced its first decline of the year, registering a 5.2% decrease to 1M units, the ACEA reported. The timing of the Easter holidays negatively impacted last month’s sales across most EU markets, including the four largest, the group stated. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz (MBGYY), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).

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