European passenger car market sales fell 3% in December

According to preliminary estimates, the European passenger car market sales in December were about 1.06 million vehicles, a year-on-year decrease of 3%. This decline was mainly due to the lack of a clear year-end sales peak in new energy vehicle sales. It is expected that the European market sales in 2023 will reach 12.88 million vehicles, a year-on-year increase of 14%.