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Tag Archives: acea
November 2023 EU Car Market Grows on Mixed Results
In November 2023, the EU’ car market grew by 6.7%, according to data just released by ACEA.* This was the sixteenth consecutive month of expansion. There were substantial double-digit gains in some markets, including two of the largest: Italy (+16.2%) and France (+14%).
However, the German car market retracted, recording a -5.7% decline compared to November 2022, which provided a small base line for comparison across the EU. Overall new car registrations were +6.7% in November; with a battery electric market share at 16.3%. Eleven months into 2023, new car registrations increased by 15.7%, reaching nearly ten million units. With the exception of Hungary, all EU markets grew during this eleven-month period. The four largest markets contributed to this trend: Italy (+20%), Spain (+17.3%), France (+16.2%), and Germany (+11.4%). Continue reading
July 2023 EU Car Sales Up 15%
During July, the market share of battery-electric cars rose to 13.6% (up from 9.8% the same month last year). Hybrid-electric cars maintained their position as the second choice among new car buyers, with more than 25% of the market. Nonetheless, internal combustion engine (ICE) cars, including gasoline and diesel models, retained a combined market share of half of new car sales. Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, Death of the diesel, July 2023 EU car sales, Ken Zino
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EU New Commercial Vehicle Registrations Up in H1 2023
Commercial vehicle sales in Europe are up in double digits during H1 2023, according to ACEA* data released this morning. During the first half of 2023, new EU van sales increased by 11.6% to 725,418 units as supply chain issues eased. Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, EU commercial vehicle sale H1 2023, Ken Zino
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EU – EVs Outsell Diesel Cars for First Time
Perhaps more significant though is that battery electric vehicles took a 15.1% market share, outselling tax-favored diesel vehicles. Hybrid-electric cars remained the second-most popular choice among new car buyers, representing 24.3% of the market. Gasoline fueled cars retained the largest share, accounting for 36.3%. Continue reading
EU Commercial Vehicle Registrations -8.5% in October
In a demonstration of the murky answer to the question “is the ongoing European-recession glass half-empty or half-full?”, ACEA* said today that the EU market for new commercial vehicles continued to scuffle, declining for the sixteenth month in a row at -8.5% vehicles.
However, year-to-date registrations of new commercial vehicles across the European Union contracted by 16.8% to 1.3 million units. So things are improving somewhat since the rate of decline is decreasing. Moreover, the truck and bus segments performed better than in October 2021. Continue reading
Posted in economy, news analysis, sales
Tagged acea, auto industry commentary, autoinformed.com, eu, Ken Zino
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Statistical Quirks Show September EU Car Sales up 10%
This is really a mathematical quirk since the “increase” came from a low base of comparison from September 2021, when the semiconductor shortage hindered vehicle production. This is an economic calamity because 12.7 million Europeans work in the auto industry, directly or indirectly, comprising 6.6% of all EU jobs. Moreover, 11.5% of EU manufacturing jobs, ~3.5 million, are in the automotive sector. Motor vehicles are responsible for €398.4 billion of tax revenue for governments within key European markets. Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, EU Passenger car sales, Ken Zino
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August EU Car Sales Increased after 13 Months of Decline
During August, the European new car market returned to growth (+4.4%), bringing an end to thirteen months of consecutive decline. Nonetheless, with 650,305 units registered this remains far below pre-pandemic levels. All the key EU markets positively contributed to the region’s growth, with gains seen in Italy (+9.9%), Spain (+9.1%), France (+3.8%) and Germany (+3.0%). Continue reading
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Tagged acea, auto industry commentary, autoinformed.com, Ken Zino
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EU Passenger Car Sales Drop 21% in April
With the exception of the pandemic year in 2020, this was the weakest April result in terms of volumes sold since records began. Put another way, Russian roulette is a bad game. All major markets contributed to the region’s negative performance: Italy (-33.0%), France (-22.6%), Germany (-21.5%) and Spain (-12.1%), according to ACEA Continue reading
West European Car Sales Decline in April to 8.8 Million
“Supply chain bottlenecks still the key reason for the depressed level of registration statistics. The war in Ukraine, as well as lock-downs in China, will likely exacerbate supply issues, meaning vehicle sales will continue to suffer from a lack of adequate supply,” LMC said today. Continue reading
Posted in sales
Tagged acea, auto industry commentary, autoinformed.com, China lockdowns, Ken Zino, lmc automotive, Ukraine, West European sales
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EU Registrations: Q1 -12.3%, March -20.5%
The ongoing supply chain interruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%). This compares to Passenger car registrations: -6.4% first two months of 2022; -6.7% in February, which means the trend line is increasingly negative. Continue reading
Posted in results, sales
Tagged acea, auto industry commentary, autoinformed.com, eu, Ken Zino, Putin’s War
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February EU Commercial Vehicle Registrations Drop -15.7%
From January to February, demand for commercial vehicles in the EU decreased by 13.5% to 257,127 units registered in total. Spain (-21.9%), France (-19.3%), Germany (-5.8%) and Italy (-2.8%) all recorded declines. The negative effects of Putin’s war on Ukraine have yet to be experienced. Continue reading
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Tagged acea, auto industry commentary, autoinformed.com, February EU commercial vehicle sales, Ken Zino
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Covid Curse – EU Sales Drop 19% in February, -22% YTD
With 771,486 units registered across the EU region, according to ACEA, this marked the lowest February total on record since 2013. All four major EU markets recorded losses last month. Italy posted the smallest drop (-12.3%), while the other markets faced stronger deterioration: Germany (-19.0%), France (-20.9%) and Spain (-38.4%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, Covid, Ken Zino
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November EU Commercial Vehicle Sales Flat. YTD -20%
Year-to-date reflects the ongoing Covid catastrophe. Sales at 1.5 million units were down -20.3% 11 months into 2020. All EU27 markets – including the four major ones – have recorded double-digit declines so far in 2020, although less steep than in the preceding months: Spain (-28.4%), France (-18.4%), Germany (-16.3%) and Italy (-15.6%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed, autoinformed.com, COVID-19, eu commercial vehicle sales, Ken Zino
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March EU Commercial Vehicle Registrations -47.3%
Every vehicle segment was deeply affected by the fallout of the COVID-19 outbreak. All 27 EU markets recorded substantial declines last month. The strongest drops were posted by Italy (-66.1%), Spain (-64.4%) and France (-63.1%). Continue reading
Posted in economy, sales
Tagged acea, auto industry commentary, autoinformed.com, COVID-19 denials, eu commercial vehicle sales, Kenneth Zino
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Western EU Car Sales Down ~5% in 2023
The Western Europe PV selling rate rose to 13 million units/year in December 2023, with 951,000 car registrations in the month. Compared year-over-year (YoY ), sales were down almost 5%, though that compares to a strong December 2022, according to an analysis just released by European Light Vehicle Sales Forecasting Team at the GlobalData consultancy.The region finished 2023 overall with 11.6 million units, higher than the 10.1 million units recorded in 2022, but well behind the 14.3 million units registered in pre-covid 2019. Continue reading →