Car market grew 13.1% in the first quarter in Portugal

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The car market grew by 13.1% in the first quarter in Portugal, with 68,520 new vehicles put into circulation, with 16% of new passenger cars being electric, said ACAP – Associação Automóvel de Portugal.

In a statement, the association said that 26,240 cars were registered in Portugal in March, 6.7% more than in the same period last year.

Thus, “from January to March 2024, 68,520 new vehicles were put into circulation, which represented an increase of 13.1% compared to the same period last year”.

With regard to passenger cars, between January and March 2024, registrations “totaled 59,044 units, which translated into a positive variation of 13.1% compared to the same period in 2023”, while in March “22,796 new passenger cars were registered in Portugal”, an increase of 6.2% compared to the same month in 2023.

ACAP pointed out that in the first quarter, 51.5% of new passenger cars registered “were powered by other types of energy, namely electric and hybrid”.

In particular, it said, 16% of new passenger cars were electric. “In March alone, electric vehicles accounted for 16.4% of the market,” said ACAP.

On the other hand, in the third month of 2024, the market for light goods vehicles grew by 17% compared to the same month last year, with 2,843 units registered.

“In accumulated terms, the market reached 7,591 units, representing an increase of 14.1% compared to the same period in 2023,” ACAP added.

The association also reported on heavy vehicles (passenger and goods), indicating that in March “there was a drop of 12.8% compared to the same month in 2023, with 601 vehicles in this category sold”.

In the first quarter of 2024, “registrations in this category totaled 1,885 units, representing an increase in the market of 9.5% compared to the same period in 2023,” he said.

Hervé Hubert
Hervé Hubert
Hervé Hubert is a 55-year-old writer and journalist based in Porto, Portugal. Born in France, he brings a unique blend of French and Portuguese perspectives to his work. Education Hervé studied Journalism and Literature at the University of Lyon in France. After completing his studies, he gained valuable experience working with various French media outlets (Portugal France also). Career He worked for several years as a journalist in France before making the move to Portugal. In Porto, he joined the Portugal Pulse team as a staff writer. Skills Hervé specializes in storytelling, investigative journalism, and cultural commentary. He has a flair for capturing complex issues in a relatable way. Personal Life He currently resides in Porto and enjoys the city's rich culture, from Fado music to Francesinha cuisine. Hervé continues to maintain strong ties to his French heritage, often traveling back to France for family visits and cultural exploration. With his unique background and diverse skill set, Hervé Hubert adds a layered, multicultural lens to every story he covers.

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