![]() ![]() ![]() Meanwhile, France climbed from 6.7% in March to 6.9% in April. Italy saw a similar rise, from 8.1% to 8.8%. Spain saw inflation rise from 3.1% in March to 3.8% last month. Results were mixed between countries, however. The EU’s statistical office, Eurostat, estimates that inflation in the Euro area sat at 7% in April, up from 6.9% in March. ![]() Wider economic turmoil is also a cause for concern, threatening consumer spending power. Spain sank by 37.4%, France fell by 29.5%, and Italy dropped by 28%. Compared to pre-COVID April 2019, all three markets saw new-car registrations suffer double-digit declines last month. For example, registrations recorded in 2022 are effectively magnifying results in 2023. This makes year-on-year comparisons misleading. Since then, markets have been fighting to return to form. Enormous year-on-year declines were recorded across Spain (down 96.5%) and Italy (down 97.5%) and France (88.8%). In April 2020, all three new-car markets felt the full weight of the COVID-19 pandemic. However, these positive figures paint a slightly misleading picture. ![]()
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