March Sees a 16% Dip in New Car Registrations – What’s the Deal?

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A total of 6,486 new passenger cars were registered in March 2024, which was 16 per cent fewer than one year earlier, according to Statistics Finland.

In all, 11,062 new vehicles were registered in March. First registrations decreased by 15 per cent from the corresponding month of the previous year.

In January to March period of 2024, a total of 18,452 new passenger cars were registered, which was 12 per cent fewer than one year earlier.

Of first-time registered passenger cars in March, 29 per cent were fully electric. The number of electric car registrations was 1,852, or 36 per cent fewer than one year earlier.

Used imported passenger numbered 3,177, which was 8 per cent more than one year earlier.

Source: www.dailyfinland.fi

14 Comments
  1. MeganSmith_27 says

    Were there any particular reasons behind the significant decrease in new car registrations compared to last year?

    1. LeoJohnson_82 says

      It’s likely that the decrease in new car registrations could be attributed to the ongoing global supply chain disruptions and semiconductor shortages affecting the automotive industry. These challenges have led to production delays and impacted the availability of new vehicles in the market, thereby contributing to the decline in registrations.

  2. AvaSmith84 says

    It’s concerning to see such a significant drop in new car registrations. Hopefully, this trend doesn’t continue and the market picks up soon.

  3. Sophia94 says

    It’s concerning to see such a significant dip in new car registrations. The increasing popularity of fully electric cars is a positive trend, but overall, the decrease in new vehicle registrations raises questions about the current market conditions.

  4. AmyJohnson82 says

    It’s concerning to see such a significant drop in new car registrations. Hopefully, this trend doesn’t continue throughout the year.

  5. Emily_Smith says

    I believe the decrease in new car registrations is concerning, especially with the rise in fully electric car registrations. It’s crucial for the automotive industry to analyze and adapt to the changing consumer trends to stay competitive in the market. Hopefully, this dip in registrations is just a temporary setback.

  6. EmmaSmith92 says

    It’s concerning to see a 16% dip in new car registrations in March. The decrease in first registrations by 15% reflects a shifting trend in the market. The fact that 29% of first-time registered passenger cars were fully electric shows a growing interest in sustainable options. However, the drop in electric car registrations by 36% raises questions about the factors influencing this decline. Overall, these statistics highlight the need for further analysis and action to understand and address the changes in the automotive industry.

  7. Ava87 says

    It’s concerning to see such a significant decline in new car registrations, especially the drop in electric car numbers. We need to focus more on promoting sustainable transportation options to combat this trend.

  8. Kate Johnson says

    In my opinion, the decrease in new car registrations is concerning. It seems that more consumers are opting for used imported vehicles, possibly due to financial reasons or lack of availability of new models. The rise in fully electric car registrations, albeit at a lower rate, indicates a growing interest in sustainable transportation options.

  9. Jenna93 says

    What could be the reasons behind the significant decrease in new car registrations compared to last year’s numbers? Is the trend expected to continue in the coming months?

    1. Emily87 says

      There are several factors contributing to the decline in new car registrations, such as supply chain disruptions, economic uncertainties, and ongoing global challenges. The trend of decreasing registrations might persist in the upcoming months, given the current market conditions and consumer behavior shifts.

  10. AvaSmith01 says

    It’s concerning to see such a significant decrease in new car registrations. I wonder what factors are contributing to this trend.

  11. EmilySmith says

    It’s concerning to see such a significant decrease in new car registrations. The statistics for March 2024 show a concerning trend with a 16% dip compared to last year. The rise in fully electric car registrations is a positive sign, but overall, it’s important to address the underlying causes of this decline.

  12. EmilyJohnson says

    It’s concerning to see such a significant decrease in new car registrations. The statistics showing a 16% dip compared to last year are alarming. Hopefully, measures will be taken to revitalize the automotive market and encourage more eco-friendly vehicle purchases.

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