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In November 2023, the EU’s automotive market grew by a modest however fairly strong 6.7%. Regardless of a comparatively low base of comparability, stable development continued, marking the sixteenth consecutive month of growth.
There have been substantial double-digit beneficial properties in some markets, together with two of the most important: Italy (+16.2%) and France (+14%). Conversely, the German automotive market retracted, recording a 5.7% decline in comparison with November 2022.
Eleven months into 2023, new automotive registrations elevated by a big 15.7%, reaching practically ten million models. Except Hungary, all EU markets grew throughout this eleven-month interval. The 4 largest markets notably contributed to this pattern: Italy (+20%), Spain (+17.3%), France (+16.2%), and Germany (+11.4%).
In November, the battery-electric automotive market share elevated to 16.3%, an increase from 15% final 12 months. The year-to-date share now holds regular at 14.2%, persistently surpassing diesel, which remained at 13.7%. Hybrid-electric automobiles have been ranked second with a 27.4% market share, whereas petrol automobiles maintained their lead at 32.7%.
In November 2023, EU registrations of latest battery-electric automobiles surged by 16.4%, totalling 144,378 models. A number of markets contributed to this development with double and triple-digit proportion beneficial properties, most notably Belgium (+150.2%), which is now the fifth-largest market by quantity. Nonetheless, battery-electric automotive gross sales skilled a setback in Germany, declining by 22.5%. Regardless of this, the year-to-date quantity reached practically 1.4 million models, reflecting a considerable 48.2% enhance in comparison with the earlier 12 months, representing a 14.2% share of the EU automotive market on this interval.
In November, new EU registrations of hybrid-electric automobiles surged by 28.7%, pushed by double-digit development within the three largest markets: Germany (+38.4%), France (+35.8%), and Italy (+30.2%). This led to a cumulative 29.9% enhance, reaching virtually 2.5 million models bought as of November – over 1 / 4 of the EU market share.
In distinction, gross sales of plug-in hybrid electrical automobiles declined by 22.1% to 72,002 models final month. Regardless of notable will increase in Belgium (+43.8%) and France (+17.8%), these beneficial properties have been inadequate to offset Germany’s substantial decline (-59.3%) – the most important marketplace for this energy supply. Consequently, the market share of plug-in hybrid automobiles fell from 11.1% final 12 months to eight.1% in November this 12 months.
In November 2023, the EU petrol automotive market grew by 4.2%, regardless of a continuous decline in market share, which stood at 32.7% final month. Key markets like Italy (+20.2%) and Germany (+12.5%) noticed vital gross sales will increase, contributing to this total development. This resulted in a cumulative quantity of three.5 million models bought, reflecting an 11.1% enhance and a 35.7% market share over the eleven-month interval.
Conversely, the EU’s diesel automotive market continued its downward pattern in November, contracting by 10.3%. This decline was noticed in many of the bloc’s markets, together with the 4 largest: France (-28.3%), Spain (-22.8%), Italy (-7.4%), and Germany (-1%). Regardless of this total decline, diesel automotive gross sales grew in sure Central and Jap European markets, similar to Poland (+13.8%). In November, diesel automobiles represented a market share of 12.2%, down from 14.5% in the identical month final 12 months.
[source: ACEA]
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