According to the latest data from the European Automobile Manufacturers’ Association (ACEA), new EU car registrations rose 1.1% in October 2024, marking a reversal from previous declines.
This growth comes after a period of decline, with Spain and Germany leading the way with increases of 7.2% and 6% respectively.
Despite overall stability in new car registrations ten months into 2024, with an increase of 0.7% to 8.9 million units, performance varied considerably between major markets.
France and Italy experienced a significant drop in registrations.
The battery electric car market maintained a stable market share last month, but year-to-date figures show a decline in both volume and market share.
The number of plug-in hybrid registrations also fell by 7.2%, with market share falling by 7.2% compared to the previous year.
Registrations of battery-electric vehicles rose slightly in October, but current year figures remained lower than the previous year, largely due to a sharp decline in Germany.
The number of plug-in hybrid registrations fell by 7.2%, with France and Italy recording the largest declines. Conversely, registrations of hybrid electric vehicles rose by 17.5%, with market share overtaking petrol car registrations for the second month in a row.
Gasoline car sales fell across the board, with France suffering the most severe decline: 32.7%. Germany stood out as the only major market to report growth in petrol car registrations.
Sales of diesel cars also fell, with market share falling to 10.9% in October. This downturn was observed in almost two-thirds of EU markets, indicating a broader shift in consumer preferences within the automotive sector.
“EU car registrations record slight growth in October 2024” was originally created and published by Motor Finance Online, a brand owned by GlobalData.
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