In the month of July 2024The market of new cars in Europe recorded a slight growth of 0.4% compared to July 2023, but it is decreased by 22.9% compared to 2019, before the pandemic. The sales crisis is mainly attributed to theincrease in car prices and the European Union’s policy to eliminate sales of internal combustion engine vehicles by 2035. Furthermore, the transition process towards electric cars seems to have slowed down in recent months, with vehicles on tap failed from the market and from European motorists.
Cars sold in Europe July 2024
Specifically, in July 2024, the following were registered: 1,025,290 cars in Europewith a growth of 0.4% compared to July 2023. In the first seven months of 2024, registered cars reached 7,906,191 unitswith a positive variation of 3.9% compared to the same period of the previous year.
In the seventh month of the year, three of the five major markets recorded growth:Italy scored a +4.7%followed by Spain (+3.4%) And United Kingdom (+2.5%). Instead, France fell by 2.3% and the Germany by 2.1%.
Sales of electric, hybrid, petrol and diesel cars
The share of the electric cars (BEV) she went down to 13.6% in July 2024, compared to 14.5% in July 2023, and in the period January-July 2024 it decreased to 13.8% from 14.3% in the same period of 2023. The halt in the growth of electric cars It was a very negative signal, aggravated by the decline in the share in Germany, which went from 20% in 2023 to 12.9% in 2024.
Even the registrations of plug-in hybrid cars they recorded a 14.1% drop last month, despite a 3.2 percent increase in Germany. In July, these cars accounted for the 6.8% of the marketdown 7.9% from the previous year, with 57,679 units sold. On the contrary, the hybrid-electric vehicles they saw a growth of 25.7% to 273,003 unitswith all four major markets posting double-digit increases. This growth led the 32% market sharecompared to 25.5% in July 2023.
Sales of petrol car Instead, they decreased by 7%, with a market share that fell to 33.4% from 35.9% in the previous year, despite modest growth in Italy (+3.8%) and Germany (+0.1%). The market for diesel car recorded a 10.1% drop, with a 12.6% market share. Germany saw a slight increase of 1.4%, while other major markets such as Italy, France and Spain suffered significant declines.
Who sold the most in Europe
In July 2024, all major automotive groups recorded a decline in sales: Volkswagen recorded -2.2%, Stellantis a -5.2%Renault limited the damage with a -1.7%, while Hyundai suffered a drop of 4.9%. Ford, Nissan, and Tesla recorded double-digit declines. In contrast, Toyota (+21.8%), BMW (+2.8%) and Mercedes (+1.9%) reported increases. Among the smaller brands, Volvo (+36.7%), Saic (+24.2%) and Honda (+23.3%) recorded strong growth, while Ford (-17.9%)Nissan (-14.4%), Tesla (-14.7%) and Jaguar Land Rover (-15.9%) suffered sharp declines.
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