Tag Archives: Car sale

News

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

News

Car sales in the EU drop by 5.2%

The price of new cars is on the rise and so is the demand. Customers are looking for compact and fuel-efficient cars, especially hybrids. However, last month car sales in the EU dropped by 5.2 percent compared to the same period in 2023.

According to ACEA (European Automobile Manufacturers’ Association), last month’s sales led to a change in the market structure, so electric cars now have a 13% market share (-0.9%), while hybrid cars recorded a growth of 4.6% (29 %). Gasoline and diesel cars still have a high market share of 47.8 percent, although they recorded a decline of 4%.

In March, 134,397 electric cars were sold on the EU market, which is 11.3 percent less than in 2023. The German market recorded the biggest drop of 28.9 percent, while demand for BEVs in Belgium and France increased (+23.8% / 10.9%).

When it comes to hybrids, France and Italy are one of the biggest markets for these cars, where demand grew by 29.6% (France) and 8.3% (Italy). This segment achieved sales of 299,426 units (29 percent of the market). Demand for plug-in hybrids dropped by 6.5% in March, with 73,029 PHEV vehicles sold. It should be noted that Belgium (-15.3%) and Germany (-4.5%) had the worst results. France is one of the few countries that managed to achieve sales growth (3.6%).

Diesel and gasoline cars had the worst results. Sales of gasoline cars fell by 10.2%, the most in France (-17.7%), Spain (-10.1%) and Germany (-3.4%), while Italy was the only one to record growth (5.7%). Also, diesel cars had a drop in demand of 18.5%, mostly in France (-32.1%), Spain (-38%) and Italy (-27.6%), while in Germany demand fell by 0.5%.

Source: ACEA