European car sales declined the most in five months in February, and consumers were reluctant to buy cars due to economic uncertainty. The European Automobile Manufacturers Association said on Tuesday that the number of new car registrations fell 3.1% from the same period last year to 963,540 vehicles. Spain is the only major market in the region where sales have risen, with electric vehicle registrations growing 61%. Continued sluggishness in several of the region's largest economies weighed on consumer confidence. At the same time, the threat of US tariffs and competition from Chinese automakers have also increased the pressure. Tesla's new car registrations in Europe have dropped 40% as consumers remain unhappy with Musk's political stance and support for the German Choice Party.

European car sales declined the most in five months in February, and consumers were reluctant to buy cars due to economic uncertainty. The European Automobile Manufacturers Association said on Tuesday that the number of new car registrations fell 3.1% from the same period last year to 963,540 vehicles. Spain is the only major market in the region where sales have risen, with electric vehicle registrations growing 61%. Continued sluggishness in several of the region's largest economies weighed on consumer confidence. At the same time, the threat of US tariffs and competition from Chinese automakers have also increased the pressure. Tesla's new car registrations in Europe have dropped 40% as consumers remain unhappy with Musk's political stance and support for the German Choice Party.