In November 2024, new EU automotive registrations fell by 1.9%. France led the best way with a pointy 12.7% decline, adopted by Italy (-10.8%), whereas the German market stagnated barely ( 0.5%). Among the many 4 most vital EU markets, solely Spain recorded optimistic development (6.4%).
Eleven months into 2024, new automotive registrations remained secure (+0.4%), reaching 9.7 million items. Whereas the market in Spain carried out positively (+5.1%), declines have been witnessed in France (-3.7%), Germany (-0.4%), and Italy (-0.2%).
The battery-electric automotive market share for November 2024 fell to fifteen% from 16.3% final yr, whereas volumes dropped by 9.5%.
Plug-in hybrid automotive registrations for November 2024 additionally declined by 8.8%. The market share for this kind of automobile reached 7.6% final month, a lower of 0.6 proportion factors in comparison with the identical interval final yr.
Registrations of battery-electric vehicles declined by 9.5% to 130,757 items in November 2024. This drop was primarily pushed by a major lower in registrations in Germany (-21.8%) and France (-24.4%). It resulted in a year-to-date market quantity 5.4% decrease than the identical interval final yr, with the full market share now at 13.4%.
Plug-in hybrid automotive registrations fell by 8.8% final month, following vital declines in France (-19.6%), Belgium (-61.4%), and Italy (-31.4%). In November, plug-in hybrids accounted for 7.6% of the automotive market, down from 8.1% final yr. Yr-to-date volumes have been additionally down, lowering by 8% in comparison with the identical interval final yr.
Hybrid-electric registrations elevated by 18.5% in November, with market share rising to 33.2%, up from 27.5% final November, exceeding petrol automotive registrations for the third consecutive month.
In November 2024, petrol automotive gross sales dropped by 7.8%. All 4 main markets recorded decreases: France skilled the steepest drop, with registrations plummeting by 31.5%, adopted by Italy with a 12.3% decline. Although extra modest, Germany and Spain recorded declines as nicely (-5.4% and -2.3%, respectively). With 266,115 new vehicles registered final month, the market share for petrol dropped to 30.6%, down from 32.5% in the identical month final yr. The diesel automotive market declined by 15.3%, leading to a ten.6% market share final November. General, decreases have been noticed in most EU markets.
In November 2024, new EU automotive registrations fell by 1.9%. France led the best way with a pointy 12.7% decline, adopted by Italy (-10.8%), whereas the German market stagnated barely ( 0.5%). Among the many 4 most vital EU markets, solely Spain recorded optimistic development (6.4%).
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The European Car Producers’ Affiliation (ACEA) represents the 15 main Europe-based automotive, van, truck and bus makers: BMW Group, DAF Vans, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Nissan, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group
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13.2 million Europeans work within the automotive sector
10.3% of all manufacturing jobs within the EU
€383.7 billion in tax income for European governments
€106.7 billion commerce surplus for the European Union
Over 7.5% of EU GDP generated by the auto business
€72.8 billion in R&D spending yearly, 33% of EU whole
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Passenger automotive registrations
