Strong December
EU car market will increase slightly in 2024
Demand for new cars in the European Union grew slightly in 2024. In one country the number of new registrations rose particularly sharply.
New car registrations in the European Union increased slightly last year. In 2024, a good 10.6 million vehicles were sold in the EU, 0.8 percent more than in the previous year, as the European industry association Acea announced on Tuesday in Brussels. In December, new registrations increased by 5.1 percent to a good 910,000 units.
Battery electric cars again took third place in 2024 with a market share of 13.6 percent. Since demand for diesel vehicles fell to 11.9 percent, they were also able to increase the gap to fourth place. Petrol engines once again took first place with a share of one third. Hybrid electric cars were just behind.
VW maintains the top spot
Overall, almost all major car markets in the EU recorded declines in 2024, although the extent of declines remained clear except for France (minus 3.2 percent). Spain, on the other hand, recorded an increase in new registrations of 7.1 percent. In Germany, sales fell by 1 percent.
The Volkswagen Group maintained first place in the EU last year with an increase of 3.2 percent to a good 2.8 million vehicles sold. Behind them, despite a decline of 7.2 percent, was Stellantis (Peugeot, Fiat, Opel) with a good 1.7 million cars. As in the previous year, the Renault Group was in third place with an increase of 1.9 percent to almost 1.2 million cars. BMW had to accept a loss of 0.6 percent, and at Mercedes-Benz the decline was even 2.6 percent.
dpa
Source: Stern
