On February 24th, reports indicated that European car sales concluded a six-month period of consecutive growth in January, experiencing a downturn primarily attributable to diminished consumer purchasing power across numerous regions. Nevertheless, the demand for electric vehicle models sustained its robustness. On Tuesday, the European Automobile Manufacturers Association revealed that new car registrations declined by 3.5% last month, reaching a total of 961,382 units. Notably, France and Germany witnessed the most significant drops, whereas sales in the UK and Italy exhibited an upward trend. German car buyers, influenced by elevated vehicle prices, escalating unemployment rates, and contractions in core industrial enterprises, displayed a pronounced wait-and-see stance. Although the introduction of new electric vehicle incentives may offer some impetus, the prevailing weak market trend is anticipated to persist throughout this year. Germany secured a 22% share of Europe's passenger car market last year.