Negative month of May For European car market 2024. According to ACEA, last month they were There are 911,697 vehicles registered in the European Union.compared to 939,521 in the same month in 2023, equal to one drop by 3%. Three major EU markets closed the month negatively: Italy (-6.6%), Germany (-4.3%) and France (-2.9%). In Spain, an increase of 3.4% was recorded.
If the UK and EFTA countries are also included, a total of 1,092,901 vehicles were registered, up from 1,122,214 in May 2023. Thus, we are talking about a decrease of 2.6%. In any case, the balance of the first 5 months is still positive. In fact, registrations at the European Union level increased by 4.6% to approximately 4.6 million units. All major markets showed positive results: Spain (+6.8%), Germany (+5.2%), France (+4.9%) and Italy (+3.4%).
As of May 2024, electric vehicle registrations fell 12% to 114,308 units., with a total market share of up to 12.5%. Belgium, which is currently the third largest EV market in the EU, and France were the only key markets to record growth, at 44.8% and 5.4% respectively. However, Germany (-30.6%) and the Netherlands (-11.7%) performed poorly. The results of the first 5 months of the year are still positive.
From January to May, a total of 556,276 new electric vehicles were registered, up 2% on the same period last year.
The number of plugin registrations also recorded a decrease of 14.7%. until May 2024, with significant declines in the two largest markets: Belgium (-36.6%) and France (-19.4%). However, Germany recorded an increase of 1.7%. In May, plug-in hybrids accounted for 6.5% of the total automotive market, with 59,333 units sold.
Hybrids, on the other hand, do well. which continue to grow. In May 2024, registrations grew by 16.2% to more than 272,568.
Three of the four largest markets in this segment performed very well, namely France (+38.3%), Spain (+25.4%) and Italy (+7.4%). However, Germany recorded a slight decline of 0.7%. Overall, hybrids can count on nearly 30% of the market, up from 25% in May 2023.
May 2024 is also negative for gasoline cars. Registrations fell 5.6% to 323,551, with declines in key markets such as France (-20.3%) and Spain (-1.8%). However, sales rose in Italy and Germany by 4.1% and 2.1% respectively. As a result, the market share of gasoline cars fell from 36.5% to 35.5% compared to May last year.
The diesel car market is experiencing an even more noticeable decline, equal to 11.4% with 118,733 units (market share 13%). Significant declines were observed in major markets such as Italy (-30.5%), France (-24.8%) and Spain (-15.4%). Germany recorded modest growth of 3.2%.
Let’s now move on to the results of the main car groups. Volkswagen Group shares closed with an increase of +1.6% (Volkswagen +10.1%; Skoda +6.8%; Audi -9.8%; Seat +15.6%; Cupra +15.7%; Porsche +6 .3%). Next comes Stellantis with -6.9% (Peugeot -13.1%; Fiat -11.3%; Opel -0.1%; Citroen +9%; Jeep +1.2%; DS -40.7%; Alfa Romeo -15.6%; Lancia/Chrysler -18.4%). ) and Renault Group with a decline of 5.4% (Renault -1.6%; Dacia -10.2%; Alpine -16.5%).
Source: HD Motori
Ashley Fitzgerald is an accomplished journalist in the field of technology. She currently works as a writer at 24 news breaker. With a deep understanding of the latest technology developments, Ashley’s writing provides readers with insightful analysis and unique perspectives on the industry.