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Economy & business1 min

EU new car registrations fell 3.9% in January

Key Points
  • EU new car registrations dropped 3.9% in January year-on-year.
  • Chinese EV maker BYD's registrations reportedly surged 175% in the EU.
  • Electric cars made up 19.3% of new registrations, up from 14.9% last year.

9 percent in January compared to the same month last year, according to statistics from the industry organization Acea. A total of 961,382 cars were newly registered during the month. This is the second year in a row that the year has started with a decline in new registrations.

Among individual car brands, the Chinese electric vehicle manufacturer BYD reportedly saw its new registrations within the EU surge by 175 percent compared to last year. 7 percent of new registrations. Volvo Cars fell by 13 percent and accounted for 2 percent.

9 percent in the same month last year. 8 percent of newly registered cars.

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