News summary
European manufacturers dropped car registrations to 1 in Aprilarcadeshop.40,000 vehiclesarcadeshop, fell 2.3% year-on-year, hitting a new low for the year; in contrast, the entire electric vehicle industry grew by 14% year-on-year.
Newsletter text
[European car registrations in April hit the worst this year, with only 13951 vehicles] The European Automobile Manufacturers Association reported that the number of new cars registered in April was 13951, a decrease of 2.3% from the same month last year and a new low since 2023. At the same time, the electric vehicle market bucked the trend, with industry-wide electric vehicle sales rising 14% in April.