To August 2024 car registrations in Western Europe (EU+EFTA+UK) are decreased by 16.5% compared to 2023 and 29.6% compared to 2019, before the pandemic. The situation is worse inEuropean Unionwhere the decline was 18.3% compared to 2023 and 32.2% compared to 2019. In this scenario of heavy crisis, it is worth noting the Electric vehicle (BEV) market crash which recorded the most marked decrease, with a 43.9% dropgoing from 165,204 registrations in 2023 to 92,627 in 2024.
Cars sold in Europe August 2024
According to data released by ACEA, in the month of August car registrations in all the countries of the European Union, including EFTA and the United Kingdom, totalled 755,717 unitsrecording a decrease of 16.5% compared to the same month of 2023. Despite this significant monthly decline, in first eight months of 2024 overall registrations have reached 8,661,401 unitshighlighting a growth of 1.7% compared to the same period of the previous year.
Among the main automotive markets in the area, the Germany suffered the most marked contraction, with a 27.8% drop compared to August 2023, followed by France with a 24.3% decline and from theItaly with a 13.4% drop. The decreases were more contained in the other two major European markets: the United Kingdom saw a reduction of 1.3%, while the Spain suffered a contraction of 6.5%.
Sales of electric, hybrid, petrol and diesel cars
The collapse in registrations in August is mainly due to the market crisis electric cars (BEV). In Western Europe, BEV registrations are decreased by 36%with an even more marked contraction in the European Union (-43.9%)The most significant drops were recorded in Germany (-68.8%), Italy (-40.9%), France (-33.1%) And Spain (-24.8%). The United Kingdom, on the other hand, recorded a growth of 10.8%, thanks to the discounts applied by dealers to clear out stocks of unsold electric cars.
Even the registrations of plug-in hybrid cars decreased by 22.3% last month, with a decline recorded in all major markets. In August, plug-in hybrids represented the 7.1% of the market, down compared to 7.4% of the previous year, with 45,590 units sold.
The non-rechargeable hybrid cars are the only vehicle type that saw growth in August, with a 6.6% increase registrations, equal to 201,552 units. Three of the four largest markets recorded increases: Spain (+12.6%), France (+12.5%) And Italy (+2.5%)while the Germany it remained stable (-0.1%)The market share of hybrids has risen to 31.3%, compared to 24% in August 2023.
Sales of petrol car they went down 17.1%with significant drops in France (-36.6%), Italy (-18.8%), Spain (-17.4%) And Germany (-7.4%)now representing the 33.1% of the market compared to 32.6% last year.
The market of diesel car recorded a 26.4% dropwith a market share of11.2%and double-digit declines in most European markets.
Who sold the most in Europe
All major automotive groups have suffered a setback in registrations. The Volkswagen Groupwhich includes brands such as Skoda, Audi, Seat, Cupra and Porsche, has marked a decline of 14.8%. Even more difficult was the Stellantis downturnwhich represents brands such as Peugeot, Citroën, Opel, Fiat, Jeep, Lancia, Alfa Romeo and DS, with a contraction of 29.5%. Renault, which includes Dacia and Alpine, has seen a decrease of 13.9%While Hyundaiwhich also controls Kiasuffered a 14.5% decline.
The Toyota Grouptogether with the luxury brand Lexus, recorded a more modest reduction, equal to 4.3%. BMWwhich also includes Mini, has undergone a 15.6% dropWhile Mercedesincluding Smart, has seen a contraction of 12.7%. Ford lost 20.8% of registrations, while Tesla marked the most drastic decline with a -43.2%. Nissan recorded a significant decrease in 35.7%and the Chinese group Saic Motor closed with a loss of 27.5%.
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