Arab Canada News
News
By Mohamed nasar
Published: April 19, 2024
The monthly data released by the European Automobile Manufacturers Association, today, Friday, showed a decline in new car sales in the European Union last month amid weak demand in the four major markets, especially Germany and Spain.
New car registrations fell by 5.2% year-on-year to one million cars during March, after growing by 10.1% in February.
The timing of the Easter holiday negatively impacted sales in most EU markets last month.
Among the four major markets, the German market showed the largest decline rate at 6.2%, followed by Spain at 4.7%.
In Italy, sales fell by 3.7% year-on-year, and in France by 1.5% due to declining demand.
Sales of electric cars declined by 11.3% year-on-year, with their market share shrinking to 13% compared to 13.9% in March of last year.
At the same time, sales of hybrid electric cars increased by 12.6% despite the overall market decline, bringing their market share to 29%.
Sales of gasoline-powered cars in the EU fell by 10.2%, while sales of diesel cars declined by 18.5%.
During the first quarter of this year, car sales in the EU increased by 4.4% year-on-year to 2.8 million cars.
US politics, Canada’s multiculturalism, South America’s geopolitical rise—we bring you the stories that matter.
By signing up, you agree to our Privacy Policy
The Canadian statistics agency revealed in its latest report that the average hourly wage in Cana...
8 June 2024The Arab Canada website presents to readers and the audience from the Arab community inside and outs...
4 July 2025Canadian Housing Minister Sean Fraser announced the launch of a $1.5 billion cooperative housing dev...
7 June 2024The data released in Canada today, Thursday, showed that the Ivey Purchasing Managers' Index recorde...
6 June 2024The Arab Canada website provides readers and the public from the Arab community inside and outside C...
4 July 2025A potential class action lawsuit against TD Bank is preparing to seek damages of $6.75 billion, wit...
6 June 2024Friday, 04 July 2025
--°C
--°C
Comments