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| EU Car Registrations June 2024: Growth in Major Markets Despite Declines in France and BEV Sales |
In June 2024, the European Union saw a 4.3% rise in car registrations, driven by strong performances in Italy (+15.1%), Germany (+6.1%), and Spain (+2.2%). However, France experienced a decline of 4.8%, according to the European Automobile Manufacturers’ Association (ACEA). Despite this overall growth, registrations for the first half of the year were still 18% below pre-pandemic levels, totaling nearly 5.7 million units. Modest increases were observed in major markets: Spain (+5.9%), Germany (+5.4%), Italy (+5.4%), and France (+2.8%).
Performance of Battery-Electric and Plug-In Hybrid Vehicles
Battery-electric vehicles (BEVs) saw a slight decrease of 1% in June, capturing 14.4% of the market, down from 15.1% in 2023. Although there was significant growth in Belgium (+50.4%) and Italy (+117.4%), overall BEV registrations were negatively impacted by substantial declines in Germany (-18.1%), the Netherlands (-15%), and France (-10.3%). For the first half of 2024, BEV sales increased modestly by 1.3% to 712,637 units, making up 12.5% of the market.
Plug-in hybrid vehicle sales dropped sharply by 19.9% in June, with notable decreases in Belgium (-49.2%), France (-21.7%), and Germany (-3.4%). This segment's market share fell to 6.1%, down from 7.9% in 2023.
Hybrid-Electric Vehicles: The Only Growing Segment
Hybrid-electric vehicles were the only category to experience growth, surging by 26.4% in June to 321,959 units. Significant contributions came from all major markets: France (+34.9%), Italy (+27.2%), Spain (+23%), and Germany (+16.5%). Hybrids now account for 29.5% of the market, up from 24.4% in June 2023.
Trends in Petrol and Diesel Car Sales
Petrol car sales remained relatively stable, declining by only 0.7% in June. Growth was seen in Germany (+12.1%) and Italy (+6.9%), while France (-20.2%) and Spain (-7.5%) saw declines. Petrol vehicles now represent 34.4% of the market, down from 36.2% in 2023.
Diesel car sales followed a similar trend, decreasing by 0.9% overall. Germany (+12.4%) saw an increase, but Italy (-18.3%), France (-8.3%), and Spain (-2.1%) reported declines. Diesel's market share stood at 12.7% in June.
Conclusion
The EU car market in June 2024 showed overall growth with notable gains in hybrid-electric vehicle sales, while battery-electric and plug-in hybrid vehicles faced declines. Major markets like Italy, Germany, and Spain contributed positively, whereas France experienced a downturn. Despite growth in certain sectors, the market has yet to return to pre-pandemic levels.
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