Especially in March there were many car sales, with alternative journeys even plus 40 percent.
The Austrian car market is growing strongly again after last year’s low point. More than 63,000 cars were registered in the first three months of the year, about 20 percent more than in the previous year. In March there were even 27 percent more cars. Among the brands, VW again leads (14.4 percent), followed by Škoda (10.1 percent) and Audi (6.7 percent).
Strongest growth at Tesla
The strongest growers were Tesla (+89 percent) and, in times of high inflation, cheap manufacturer Dacia, which sold 70 percent more. The low-cost brands Seat (+47 percent) and Škoda (+33 percent) are also particularly successful. The reason for the good figures is also the demand for cars with alternative drives, which account for 45 percent of registrations. For purely electric drives (17 percent market share in new registrations), the increase was 56 percent, but not every fourth e-car is still being bought by private individuals. Hybrids are also popular, with the growth of the combustion engine being low at 7 to 8 percent.
China is increasing its exports
Due to the rise of e-cars, mainly Chinese manufacturers are entering Europe and want to gain a foothold. China has more than tripled its exports since 2020 and, with 2.5 million vehicles per year, is already the third largest exporter after Japan and Germany.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
