The European Automobile Manufacturers’ Association (Acea) has reported a 1.9% decline in new car registrations in the EU for November 2024, as France experienced the largest drop, with a 12.7% decline, followed by Italy at -10.8%.
Meanwhile, the German market saw minimal change, with a slight increase of 0.5%.
Among the four largest EU markets, only Spain saw positive growth, with an increase of 6.4%.
In November 2024, the market share of battery-electric cars decreased to 15%, down from 16.3% the previous year, while volumes saw a decline of 9.5%.
Registrations of plug-in hybrid cars also dropped by 8.8% in November 2024. The market share for these vehicles stood at 7.6%, reflecting a decrease of 0.6 percentage points compared to the same month in 2023.
Battery-electric car registrations fell by 9.5%, totalling 130,757 units. This decline was mainly driven by substantial drops in Germany (-21.8%) and France (-24.4%) during last month.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataThis has led to a 5.4% fall in year-to-date market volume compared to the same period a year earlier, with the total market share currently standing at 13.4%.
In November 2024, the plug-in hybrid car registrations dropped by 8.8%, following sharp declines in France (-19.6%), Belgium (-61.4%), and Italy (-31.4%).
Plug-in hybrids constituted 7.6% of the car market in November 2024, down from 8.1% the previous year. Year-to-date volumes also declined, falling by 8% compared to the same period in 2023.
In sharp contrast, hybrid-electric car registrations rose by 18.5%, with their market share increasing to 33.2%, up from 27.5% in November of 2023. This marked the third consecutive month in which hybrid cars outsold petrol vehicles.
ACEA reported that petrol car sales fell by 7.8% in November 2024. All four major markets saw declines, with France recording the largest drop at 31.5%, followed by Italy, where registrations decreased by 12.3%.
Germany and Spain saw more modest declines in petrol car sales, with drops of -5.4% and -2.3%, respectively.
A total of 266,115 new petrol cars were registered in November 2024, supporting a market share of 30.6%, down from 32.5% in the same month the previous year.
The diesel car market fell 15.3%, leading to a market share of 10.6% in November 2024. Overall, most EU markets reported decreases in diesel car registrations.