Financial News: Europe Car Sales Rebound In March

Europe Car Sales Rebound In March

04/23/2026 - 04:05:00 (RTTNews)

(RTTNews) - Europe's new car registrations logged strong growth in March driven by the surge in demand for battery electric vehicles, the European Automobile Manufacturers' Association, or ACEA, said Thursday.

Car sales increased 12.5 percent from a year ago to 1.158 million units in March, with electric and hybrid vehicles accounting for the majority of growth.

Battery electric sales advanced 48.9 percent compared to the previous year. Plug-in hybrid car sales climbed 28.2 percent and hybrid electric car sales grew 20.1 percent. Meanwhile, sales of petrol and diesel cars decreased 9.4 percent and 12.3 percent, respectively.

"The market was supported by robust consumer activity bolstered by new and revised tax benefits and incentive schemes across major European countries," said ACEA.

Driven largely by March's strong performance, new EU car registrations rose 4 percent in the first quarter.

Hybrid-electric cars lead as the most popular type choice among buyers, with the battery-electric car market share reaching 19.4 percent in the first quarter.

Meanwhile, plug-in hybrids continued to strengthen their position, underlining the importance of a technology-neutral pathway to de-carbonization, the lobby noted. The share of hybrid-electric car registrations climbed to 38.6 percent, remaining the preferred choice among consumers in the EU. Moreover, the combined market share of petrol and diesel cars declined to 30.3 percent from 38.2 percent in the last year, data showed.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Poland Retail Sales Growth Strongest Since April 2022 (25 min(s), 21 sec(s) ago)
(RTTNews) - Poland's retail sales growth accelerated in March to the strongest level in nearly ...Full Story»

Singapore Inflation Climbs To 1.8%, Highest In 18 Months (56 min(s), 21 sec(s) ago)
(RTTNews) - Singapore's consumer price inflation accelerated in March to the highest level in ...Full Story»

Europe Car Sales Rebound In March (01 hr(s), 38 min(s), 21 sec(s) ago)
(RTTNews) - Europe's new car registrations logged strong growth in March driven by the surge i ...Full Story»

India Private Sector Growth Rebounds In April (02 hr(s), 03 min(s), 21 sec(s) ago)
(RTTNews) - India's private sector growth accelerated in April after receding in March due to ...Full Story»

UK Budget Deficit Narrows In March (03 hr(s), 23 min(s), 21 sec(s) ago)
(RTTNews) - The UK budget deficit narrowed in March, reaching its lowest level for the month since ...Full Story»

Japan Private Sector Growth Softens (03 hr(s), 47 min(s), 21 sec(s) ago)
(RTTNews) - Japan's private sector growth moderated in April as the slower rise in services ac ...Full Story»

South Korea GDP Jumps 1.7% In Q1 (34 min(s), 39 sec(s) ago)
(RTTNews) - South Korea's gross domestic product was up a seasonally adjusted 1.7 percent on q ...Full Story»

Australia Manufacturing PMI Improves To 51.0 In April - S&P Global (29 min(s), 39 sec(s) ago)
(RTTNews) - The manufacturing sector in Australia bounced back up into expansion territory, the la ...Full Story»