The number of registered cars in the EU will grow in 2023 – ACEA

European association of automotive manufacturers ACEA expects the number of newly registered cars in the EU to increase by 5% in 2023. 

"Despite many uncertainties, the market should begin its recovery process in 2023. We expect around 9.8 million new cars to be sold across the region this year,” the association said. Still, this is 25% below the pre-crisis level in 2019.

Source: PAP