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During August 2024, new EU car registrations saw a sharp decrease (-18.3%) with negative results across the region’s four major markets: double-digit losses were witnessed in Germany (-27.8% at 197,322), France (-24.3% at 85,977), and Italy (-13.4% at 69,161), with the Spanish market declining by 6.5% at 52,322, the ACEA* trade group said today.
Year-to-Date new car registrations increased by 1.4%, at ~7.2 million units. Spain (+4.5% at 671,551) and Italy (+3.8% at 69,161) showed positive but modest performance. French and German markets stagnated (-0.5% at 1,126,900 and -0.3% at 1,907,226 respectively).
New Eu Car Registrations By Power Source
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In August, battery-electric cars accounted for 14.4% of the EU car market, down from 21% the previous year. This represents the fourth consecutive month of decline this year, contrasting sharply with the almost consistent month-on-month increases last year. Plug-in hybrid car registrations were also marked by a sizeable 22.3% decline.
The combined share of petrol and diesel cars also dropped slightly to 44.3%, down from 45.1%. Electric cars In August 2024, registrations of battery-electric (BEV) cars dropped by 43.9% to 92,627units (compared to 165,204 the same period last year), with their total market share slipping to 14.4% from 21% a year before. This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%). From January to August,902,011 new battery-electric cars were registered, representing 12.6% of the market.
Plug-in hybrid car registrations saw a decrease (-22.3%) last month, with declines recorded in all their major markets. In August, plug-in hybrids accounted for 7.1% of the total car market, down from 7.4% last year, with 45,590 units sold.
Hybrid-electric vehicles are the only vehicle type that saw growth in August, with car registrations rising by 6.6% to 201,552 units. Three of the four largest markets for this segment recorded gains: Spain (+12.6%), France (+12.5%), and Italy (+2.5%), while Germany (-0.1%) remained stable. The hybrid-electric market share reached 31.3%, up from24% in August 2023.
Petrol and diesel cars
In August 2024, petrol car sales dropped by 17.1%, all four key markets recording significant declines: France (-36.6%), Italy (-18.8%), Spain (-17.4%), and Germany (-7.4%). Petrol cars now represent 33.1% of the market, down from 32.6% in August last year.
The diesel car market saw a decline of 26.4%, resulting in a 11.2% share of the market. Double-digit decreases were observed in almost all European markets.
*ACEA: The European Automobile Manufacturers’ Association (ACEA) represents the 16 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, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
August 2024 EU Car Registrations Plummet
Click to enlarge.
During August 2024, new EU car registrations saw a sharp decrease (-18.3%) with negative results across the region’s four major markets: double-digit losses were witnessed in Germany (-27.8% at 197,322), France (-24.3% at 85,977), and Italy (-13.4% at 69,161), with the Spanish market declining by 6.5% at 52,322, the ACEA* trade group said today.
Year-to-Date new car registrations increased by 1.4%, at ~7.2 million units. Spain (+4.5% at 671,551) and Italy (+3.8% at 69,161) showed positive but modest performance. French and German markets stagnated (-0.5% at 1,126,900 and -0.3% at 1,907,226 respectively).
New Eu Car Registrations By Power Source
Click to enlarge.
In August, battery-electric cars accounted for 14.4% of the EU car market, down from 21% the previous year. This represents the fourth consecutive month of decline this year, contrasting sharply with the almost consistent month-on-month increases last year. Plug-in hybrid car registrations were also marked by a sizeable 22.3% decline.
The combined share of petrol and diesel cars also dropped slightly to 44.3%, down from 45.1%. Electric cars In August 2024, registrations of battery-electric (BEV) cars dropped by 43.9% to 92,627units (compared to 165,204 the same period last year), with their total market share slipping to 14.4% from 21% a year before. This was driven by the spectacular drop in the two biggest markets for BEV cars: Germany (-68.8%) and France (-33.1%). From January to August,902,011 new battery-electric cars were registered, representing 12.6% of the market.
Plug-in hybrid car registrations saw a decrease (-22.3%) last month, with declines recorded in all their major markets. In August, plug-in hybrids accounted for 7.1% of the total car market, down from 7.4% last year, with 45,590 units sold.
Hybrid-electric vehicles are the only vehicle type that saw growth in August, with car registrations rising by 6.6% to 201,552 units. Three of the four largest markets for this segment recorded gains: Spain (+12.6%), France (+12.5%), and Italy (+2.5%), while Germany (-0.1%) remained stable. The hybrid-electric market share reached 31.3%, up from24% in August 2023.
Petrol and diesel cars
In August 2024, petrol car sales dropped by 17.1%, all four key markets recording significant declines: France (-36.6%), Italy (-18.8%), Spain (-17.4%), and Germany (-7.4%). Petrol cars now represent 33.1% of the market, down from 32.6% in August last year.
The diesel car market saw a decline of 26.4%, resulting in a 11.2% share of the market. Double-digit decreases were observed in almost all European markets.
*ACEA: The European Automobile Manufacturers’ Association (ACEA) represents the 16 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, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.