Click to enlarge.
During November 2024, new EU car registrations fell by 1.9%. France led with a sharp 12.7% decline, followed by Italy (-10.8%), while the German market (0.5%). stagnated slightly [read AutoInformed on November Western European Car Sales Up]* Among the four most significant EU markets, only Spain recorded positive growth (6.4%), according to data from the European Automobile Manufacturers’ Association, aka ACEA derived from its French name.**
“Eleven months into 2024, new car registrations remained stable (+0.4%), reaching 9.7 million units. While the market in Spain performed positively (+5.1%), declines were witnessed in France (-3.7%), Germany (-0.4%), and Italy (-0.2%),” ACEA said in its monthly sales release.
Electric Cars
- Registrations of battery-electric cars declined by 9.5% to 130,757 units in November 2024. This drop was primarily driven by a significant decrease in registrations in Germany (-21.8%) and France (-24.4%). It resulted in a year-to-date market volume 5.4% lower than the same period last year, with the total market share now at 13.4%.
- Plug-in hybrid car registrations fell by 8.8% last month, following significant declines in France (-19.6%), Belgium (-61.4%), and Italy (-31.4%). In November, plug-in hybrids accounted for 7.6% of the car market, down from 8.1% last year. Year-to-date volumes were also down, decreasing by 8% compared to the same period last year.
- Hybrid-electric registrations increased by 18.5% in November, with market share rising to 33.2%, up from 27.5% last November, exceeding petrol car registrations for the third consecutive month.
Petrol and Diesel Cars
- In November 2024, petrol car sales dropped by 7.8%. All four major markets recorded decreases: France experienced the steepest drop, with registrations plummeting by 31.5%, followed by Italy with a 12.3% decline. Though more modest, Germany and Spain recorded declines as well (-5.4% and -2.3%, respectively).
- With 266,115 new cars registered last month, the market share for petrol dropped to 30.6%, down from 32.5% in the same month last year. The diesel car market declined by 15.3%, resulting in a 10.6% market share last November. Overall, decreases were observed in most EU markets.
*AutoInformed on
**ACEA
The European Automobile Manufacturers’ Association (ACEA) represents the 15 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, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group. Stellantis is in the process of rejoining.
About the EU automobile industry
- 2 million Europeans work in the automotive sector.
- 3% of all manufacturing jobs in the EU.
- €383.7 billion in tax revenue for European governments.
- €106.7 billion trade surplus for the European Union.
- Over 7.5% of EU GDP generated by the auto industry.
- €72.8 billion in R&D spending annually, 33% of EU total.
EU Car Sales Weak Again in November
Click to enlarge.
During November 2024, new EU car registrations fell by 1.9%. France led with a sharp 12.7% decline, followed by Italy (-10.8%), while the German market (0.5%). stagnated slightly [read AutoInformed on November Western European Car Sales Up]* Among the four most significant EU markets, only Spain recorded positive growth (6.4%), according to data from the European Automobile Manufacturers’ Association, aka ACEA derived from its French name.**
“Eleven months into 2024, new car registrations remained stable (+0.4%), reaching 9.7 million units. While the market in Spain performed positively (+5.1%), declines were witnessed in France (-3.7%), Germany (-0.4%), and Italy (-0.2%),” ACEA said in its monthly sales release.
Electric Cars
Petrol and Diesel Cars
*AutoInformed on
**ACEA
The European Automobile Manufacturers’ Association (ACEA) represents the 15 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, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group. Stellantis is in the process of rejoining.
About the EU automobile industry