FX.co ★ Romania Sees Sharp Decline in Car Registrations in February 2024

According to the latest data released by the Romanian government on March 21, 2024, car registrations in the country took a significant hit in February 2024. The current indicator shows a steep decline of -8.9% compared to the same month last year. This comes after a more moderate increase of 3.8% in car registrations in January 2024. The Year-over-Year comparison paints a grim picture of the automotive market in Romania, with the recent figures indicating a stark contrast to the previous year's performance. This decline in car registrations could be attributed to various factors, including economic uncertainties, changing consumer preferences, and supply chain disruptions plaguing the global automotive industry. As Romania navigates these challenges, stakeholders will be closely monitoring the market for any signs of recovery in the coming months.