Europe New Car Sales Recover In October
November 20 2024 - 9:59PM
RTTF2
Europe's new car registrations increased in October after two
consecutive declines, the European Automobile Manufacturers'
Association, or ACEA, reported Thursday.
New car sales registered a moderate growth of 1.1 percent,
reversing a decline of 6.1 percent in September.
The rebound was driven by robust performances in Spain and
Germany. Registrations in Spain grew 7.2 percent from a year ago.
Germany's sales increased 6 percent, following three months of
decline.
Meanwhile, France's car sales declined by a double-digit 11.1
percent and Italy's sales were down 9.1 percent.
In October, the battery-electric car market share remained
stable at 14.4 percent. Sales of battery-electric cars grew 2.4
percent. Meanwhile, plug-in hybrid car registrations fell 7.2
percent due to significant declines in France and Italy.
On the other hand, hybrid-electric registrations surged 17.5
percent in October, with market share rising to 33.3 percent.
Petrol car sales dropped 6.8 percent overall with a steep 32.7
percent fall in France. Petrol cars now account for 30.8 percent of
the market, down from 33.4 percent in the same month last year. The
diesel car market declined 7.6 percent, resulting in a 10.9 percent
market share in October.
During January to October, new car registrations moved up 0.7
percent, reaching 8.9 million units. The markets in Spain and Italy
performed positively, while France and Germany reported declines,
data showed.
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