Car sales in the European Union fell by 3.9% in March

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The European Automobile Manufacturers' Association (ACEA) reported that in March, car sales in the countries of the European Union fell by 3.9% in annual terms to 1 million 722 thousand cars after declining by 0.9% in February. The fall in sales in the EU has been observed for 7 months already since autumn, when a new standard for determining fuel consumption for passenger cars and light commercial vehicles was set in the European market. In the first quarter, sales in the EU fell by 3.3% in annual terms to 4,333 cars. At the same time, Cyprus and Sweden showed the most significant rates of decline - by 53.4% and 18.7%, respectively. Volkswagen Group retained its leadership in the European market, increasing its share to 23.2% from 22.6%, although its sales decreased by 1.1% in annual terms. Despite their declining sales, the French automakers PSA Group and the Renault group have been able to increase their shares in the European market.

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