“There was strong growth for the first three months in France, Italy, and the UK, along with mostly positive results in other countries. Thanks to a more supportive supply environment, the Western Europe PV market is forecast to surpass 12 million units in 2024, which would be the strongest annual result since the COVID-19 pandemic,” according to GlobalData’s European Light Vehicle Sales Forecasting Team.
The UK PV market improved well in March, with 318,000 vehicle registrations – 10.4% higher YoY, with strong fleet sales. performing strongly. The German PV market registered 264,000 units, a 6.2% decrease compared to 2023, but YTD sales improved by 4.2%. The other major West European countries saw declining sales in March with Easter falling earlier this year than last, although their YTD sales also increased.