The automotive industry predicts a 5% rebound in the European market in 2023


“Despite many uncertainties, the market should start to recover in 2023,” said ACEA Director General Sigrid De Vries. Anton Gvozdikov / stock.adobe.com

The director general of ACEA nevertheless recalls that the market remains fragile, “25% below 2019 levels”.

The European car market could rebound by 5% in 2023, to 9.8 million vehicles sold, but will remain far from its pre-crisis levels, the Manufacturers Association (ACEA) said on Tuesday.

Despite many uncertainties, the market should start to recover in 2023“, but “however, we remain 25% below 2019 levels, the situation remains fragilesaid ACEA Director General Sigrid De Vries at a press conference in Brussels.


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