France New Car Registrations Rise 12.9% in March, Stellantis and Renault Lead

French new car registrations rose 12.9% YoY to 173,634 units in March. Stellantis grew 2.7%, Renault Group surged 13.3%. However, Q1 total sales fell 2.1% to 401,556 units.

Analysis

The March rebound doesn't erase Q1 weakness. Renault's 13.3% growth outpacing Stellantis's 2.7% reflects the competitive dynamics in European EVs. Renault's more affordable EV lineup resonates with price-sensitive European consumers facing high energy costs. The Q1 decline suggests the European auto market remains under pressure despite individual monthly improvements.