GlobalData Observations

Overall, Year-over-Year comparisons have revealed a flat diesel market in the region through 2024 and for some months prior to that period. Five markets saw YoY increases in diesel share in July while the rest saw mostly small declines with Austria (-6.1pp) and Italy (-4.5pp) the biggest losers from a share standpoint.

Volume-wise, only Germany saw a notable YoY increase in diesel demand in July, though several other sizeable car markets including Spain, Netherlands and Switzerland saw the same diesel car sales as in 2023.

France and Italy suffered the largest annualized drop in diesel sales as their long decline from high diesel shares in the past continues.