VWAPY - EU passenger car registrations down 20.5% in March

New passenger car registrations in the EU fell by 20.5% to 844,187 units in March, followed by 6.7% decline in February, mainly due to ongoing supply chain issues, further worsened by Russia’s invasion of Ukraine. In Q1, new car registrations fell by 12.3% Y/Y to 2,245,976 cars. All four of the major EU markets saw decreases, led by Italy -24.4%, France -17.3%, Spain -11.6% and Germany ?4.6%. European Union March registration -24.3% for Volkswagen (OTCPK:VWAGY), -32.9% for Stellantis (NYSE:STLA), -14.1% for Renault (OTC:RNSDF), +0.5% for Hyundai (OTCPK:HYMTF), -20.5% for BMW (OTCPK:BMWYY), -13.6% for Mercedes-Benz (OTCPK:DMLRY), -16.12% for Ford (NYSE:F), -12.2% for Toyota (NYSE:TM), +21.7% for Honda (NYSE:HMC), -35.8% for Volvo (OTCPK:VOLAF), -32.4% for Nissan (OTCPK:NSANY) and +5.5% for Mazda (OTCPK:MZDAY). Past twelve months sales trend of the EU market:

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EU passenger car registrations down 20.5% in March