New car sales in Europe jumped last month

[Photo: Business Today]

Data from the European Automobile Manufacturers Association shows that new car sales in Europe jumped last month, surpassing the level of one million for the first time since June 2021.

According to the Association, new car registrations hit 1,087,939 in March this year.

This was an increase of 28.8 percent from the same month last year.

Sales rose in all European Union nations.

However in Spain and Italy, the jumps were remarkable, recorded at 66.1 percent and 40.7 percent respectively.

The European Automobile Manufacturers Association says over the first three months of 2023, a total of 2.7 million sales were posted.

This was a 17.9 percent increase from the same period last year.

Spain recorded the highest gain at 44.5 percent, followed by Italy at 26.2 percent.

Electric cars accounted for 13.9 percent of total sales in March, while hybrids accounted for 24.3 percent.

Plug-in hybrids dropped to 7.3 percent, with Petrol cars rising to 37.5 percent and diesel falling to 14.5 percent.

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