Europe’s new car registrations surged in March due to last year’s exceptionally low base of comparison caused by the strict COVID-19 restrictions introduced in most markets in March 2020, the European Automobile Manufacturers’ Association, or ACEA, said Friday.

Registrations of new passenger cars increased 87.3 percent annually, in contrast to February’s 19.3 percent decline.

About 1.06 million new cars were sold in the European Union in March compared to 567,253 during the same month in 2020.

Triple-digit gains were recorded by three of the four largest EU markets. Italy’s sales advanced 497.2 percent, followed by 191.7 percent rise in France.

Spain’s new car sales were up 128.0 percent. The German market also showed strong gains, with sales up 35.9 percent in March.

In the first quarter of 2021, EU demand for new cars grew by 3.2 percent to reach 2.6 million units registered in total.

The material has been provided by InstaForex Company –

Leave your vote

🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.

As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.