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In the EU, new car registrations fell by 5.2% y-o-y in March due to weak demand and high borrowing rates. Volkswagen Group sales fell by 9%, while those of luxury carmakers Mercedes-Benz and BMW dropped by 1.7% and 6.7% respectively. Germany recorded the biggest drop, down 6.2%. However, the results of BMW suggest that their EV sales are accelerating.
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