New car sales growth in Europe

New car sales growth in Europe

The European Automobile Manufacturers Association (ACEA) has published the latest data on new car sales in 28 European markets, which include the European Union, EFTA (European Free Trade Association) and Great Britain. The data show an increase in new car sales, but also an increase in new car registrations in Europe.

New car sales growth in Europe

According to ACEA, European buyers registered 1,080,913 new cars in April (+12%), of which 387,288 cars (35.8 percent) were with gasoline engines, 318,854 hybrids (29.5 percent), 144,656 electric (13, 4 percent), and 124,943 diesel drivers (11.6 percent). Compared to the data for April 2023, only diesel cars recorded a decrease (0.8%), while the registration of all other vehicle types increased (gasoline +4.6%, hybrid 29.1%, electric 14.4%). It should be noted that only diesels recorded a decrease (0.8%).

Also, the number of registered new cars in the first four months of 2024 increased by 6.5 percent compared to the same period in 2023. Since the beginning of the year, a total of 4,476,369 new cars were registered, and the highest demand was for gasoline cars (1,598,296 units). Slightly lower demand was for hybrids (1,329,181 units) with a growth of 21.8 percent, electric cars (593,325 units) with a growth of 6 percent, while only 503,196 cars were diesel (-8.5%).

Volkswagen is still the leader both as a group (+14 percent) and as a brand. When it comes to brands, the biggest growth was achieved by Seat with 33,167 vehicles sold (+63.1), Volvo with 33,767 vehicles (+59 percent) and Honda with 5,887 vehicles (+49.6 percent).

Source: ACEA