German Manager Magazin: New car registrations: For the first time since June 2021, more than one million new car registrations002438

In Europe there will be significantly more new ones cars bought. The number of new registrations rose to over one million in March for the first time since June 2021, as the European manufacturer association Acea said on Wednesday. Compared to March 2022, this was an increase of 28.8 percent. Last spring, however, new registrations were also very low due to the shortage of supply due to the lack of chips.

Sales had already increased significantly in January and February. With 1.087939 million new registrations in March, manufacturers sold almost 2.7 million new cars in the first three months of the year, an increase of almost 18 percent compared to the previous year. The Association of the German Automotive Industry (VDA) emphasized that there is still a large “sales gap” compared to the first quarter of the pre-crisis year 2019.

Electric share rises to 14 percent

According to Acea, sales mainly increased in Spain and Italy strong to. In March, the plus in Spain was 66.1 percent and in Italy 40.7 percent. According to the information, the proportion of electric cars reached almost 14 percent in March, and that of hybrid cars 24.3 percent.

“The delivery situation is improving, the manufacturers can now process the orders from last year,” explained car expert Peter Fuss from EY. There are still bottlenecks in pre-products and semiconductors, but the situation is significantly better than a year ago and will continue to ease as the year progresses. The demand for electric cars is currently still greater than the supply.

Fuss explained that more combustion engines were still being sold than electrified cars in almost all EU countries. “That will not change in 2023 either.” Reasons are the high prices for the cars, an incomplete charging infrastructure, insufficient ranges and a “very thin offer in the small car segment”.

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