The European automobile market recorded an increase of 6.7% in November compared to November 2022, after several months of double-digit growth, manufacturers indicated on Wednesday.
Driven by electric vehicles and, especially, hybrids, new car registrations reached 885,000 units in the European Union in November, the Manufacturers Association (ACEA) said in a statement.
While a clear recovery has marked the European car market in recent months, with the end of the shortage of electronic parts, it is still far from the one million vehicles sold in November 2019, before the Covid pandemic.
The year 2023 was more marked by the consequences of inflation, which led buyers to postpone their purchases.
In November, good sales in Italy (+16.2%) and France (+14%) are contrasted with the decline in Germany, the largest market on the continent (-5.7%), penalized by electric models whose aid to purchase have melted since last year.
+16.7% since the beginning of the year
During the first eleven months of 2023, the European market grew substantially (+16.7%), totaling almost 9.7 million units.
Sales were boosted especially by hybrid models, such as the Renault Clio or the Toyota Yaris. This engine exploded in 2023, capturing a 27.4% market share (+29.9% in one year).
Electric models also continue to show strong growth (+48.2%) and represent 14.2% of the market, driven in particular by Tesla sales.
However, gasoline remains the majority energy for cars in the EU: 3.5 million vehicles sold since the beginning of the year, or 35.7% of the market share (+11.1%), with successes like the Dacia Sandero.
Diesel sold better in Eastern Europe, but declined sharply in the West. In total, it decreases slightly on the continent (-5.5%), with a market share of 13.7%.
On the side of plug-in hybrids (which can be plugged into a power outlet or terminal), sales have continued to fall, especially in Germany, and represent 8.1% of the European market since the beginning of the year.
As for manufacturers, sales were mainly driven by the European leader, the Volkswagen group (+19.8% in one year and a market share of 26.1%) and by the Renault-Dacia group (+19, 6% and a market share of 10.8%).
Number 2, Stellantis (Peugeot-Fiat), recovered more slowly (+4.8%), with 18.2% of the market.
In 2024, the European new car market should grow by only 2.5% to reach 10.7 million vehicles sold, the ACEA estimated at the end of November.
Source: BFM TV
