In November, the EU experienced a decline in new car sales following a recovery in the previous month, according to the European Automobile Manufacturers' Association (ACEA). The latest data, released on Thursday, indicates that new car registrations fell by 1.9% year-over-year, totaling 869,816 units, in contrast to a 1.1% increase observed in October.
Among the four key markets, France reported the most significant decrease, with sales plummeting 12.7%. Italy followed suit with a decline of 10.8% in car sales. In contrast, Spain experienced a healthy growth of 6.4% over the same period, and Germany saw a modest increase of 0.5% in sales demand.
Regarding vehicle types, sales of battery electric cars witnessed a notable decline of 9.5% on an annual basis, leading to a reduced market share of 15.0% from 16.3%. This decrease primarily resulted from a substantial drop in registrations in Germany and France. Similarly, the demand for plug-in hybrid cars fell by 8.8%.
Conversely, hybrid-electric vehicle registrations saw a significant upsurge of 18.5%, with the market share expanding to 33.2% compared to 27.5% the previous year. Petrol vehicle sales experienced a downturn of 7.8%, with all four major markets recording declines. Likewise, the diesel car market diminished by 15.3%, as contractions were noted across most EU markets.
Looking at the broader picture, over the first eleven months leading into 2024, new car sales in the EU saw a modest increase of 0.4%, reaching 9.7 million units. Among major markets, Spain emerged as the primary contributor, achieving a sales growth of 5.1%.
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