European car market: 2024 starts on a positive note February 20, 2024 10

2024 for the European car market break up with positive sign. According to ACEA, they were registered in the European Union in January 2024. 851,690 carsequal to one growth 12.1%. After a negative December 2023 (-3.3% at EU level), the market returned to growth.

This result was supported by good performance of the main EU automotive markets: Germany (+19.1%), Italy (+10.6%), France (+9.2%) and Spain (+7.3%). Also including the UK and EFTA countries, 1,015,381 vehicles were registered, representing an increase of 11.5%.

ELECTRICAL ENGINEERING WITH A SHARE OF 10.9%

More details about data for January 2024 on the food front: 92,741 electric vehicles registered.. This is about growth 28.9% compared to the same period in 2023. Total market share 10.9%. The EU’s four largest markets, which together account for 66% of all EV registrations, achieved positive results: Belgium (+75.5%), the Netherlands (+72.2%), France (+36.8%) and Germany. (+23.9%).

Good sales hybrid from +23.5%. This result was achieved primarily due to the good performance of the 4 main EU markets: Spain (+26.5%), France (+29.9%), Germany (+24.3%) and Italy (+14.2%) . A total of 245,068 units were registered in the first month of 2024, corresponding to 28.8% of the quota.


Concerning PluginsIn January 2024, 66,660 vehicles were registered, representing an increase of 23.8%. A growth that was made possible thanks to the results of Belgium (+65.2%) and Germany (+62.6%). The market share is 7.8%.

In January 2024 gasoline cars in the EU it grew by 4%, supported by results from markets such as Italy (+26.7%) and Germany (+16.9%). Even if these cars retain their lead with a 35.2% market share, that’s a decline from 37.9% in the same month in 2023. Car market diesel in the EU in January it fell by 4.9%. This decline was evident in several markets, including the three largest: France (-23.4%), Spain (-10.2%) and Italy (-8.7%). Instead, growth was 4.3% in Germany.


In the first month of the new year, diesel vehicle sales reached 114,415 units, representing a market share of 13.4%, down from 15.8% in 2023. Let us now turn to the results of the main Car groups.

The Volkswagen Group closed with an increase of 11.5% (Volkswagen -4.2%; Skoda +19.6%; Audi +13.8%; Seat +32.4%; Cupra +93.8%; Porsche +9.9 %). Next comes Stellantis with +15% (Peugeot +19.6%; Fiat -6.2%; Opel +29.5%; Citroen +22.3%; Jeep +20.4%; DS -2.1%; Alfa Romeo +14.5%; Lancia/Chrysler +9.2%). ) and Renault Group with a decline of 2.9% (Renault -14.4%; Dacia +7.9%; Alpine +13%).

Author: Filippo Vendrame

Source: HD Motori

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