November 2023 EU Car Market Grows on Mixed Results

November 2023 EU Car Market Sales Year to Date by Market and power source – courtesy of and copyright ACEA – December 2023

Ken Zino of AutoInformed.com on November 2023 EU Car Market Grows on Mixed Results

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In November, new EU registrations of hybrid-electric cars ascended by 28.7%, driven by double-digit growth in the three largest markets: Germany (+38.4%), France (+35.8%), and Italy (+30.2%). This led to a cumulative 29.9% increase, reaching ~2.5 million units sold as of November –more than a quarter of the EU market share.

Diverging, sales of plug-in hybrid electric cars declined by 22.1% to 72,002 units last month. Despite notable increases in Belgium (+43.8%) and France (+17.8%), these gains were insufficient to offset Germany’s considerable decline (-59.3%), the largest market for this powertrain. Consequently, the market share of plug-in hybrid cars fell from 11.1% last year to 8.1% in November this year.

*ACEA: The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group. Data source is ACEA, based on aggregated data provided by national automobile associations, ACEA members and S&P Global Mobility. Some of the interpretations are AutoInformed’s.

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