Home » Boom in EU automobile registrations: +13.7% in April 2024

Boom in EU automobile registrations: +13.7% in April 2024

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Boom in EU automobile registrations: +13.7% in April 2024

The European Union automotive market recorded notable development in April 2024, with a 13.7% improve in new registrations in comparison with the identical month the earlier yr.

In complete, 913,995 new automobiles had been registered, pushed by vital will increase in the primary markets: Spain (+23.1%), Germany (+19.8%), France (+10.9%) and Italy (+7, 7%).

This development may be partly attributed to the 2 extra days of gross sales in comparison with April final yr, when the Easter holidays fell on the identical time. In the primary 4 months of 2024, new automobile registrations within the EU elevated by 6.6%, reaching virtually 3.7 million items. Germany and Spain every recorded a rise of seven.8%, adopted by France (+7%) and Italy (+6.1%).

Electric Car Market

Battery electrical automobiles have maintained a secure market share, accounting for nearly 12% of total gross sales within the EU. Registrations of battery electrical automobiles elevated by 14.8% in April, with 108,552 items bought. France and Belgium noticed probably the most vital will increase, of 45.2% and 41.6% respectively, whereas Germany remained secure (-0.2%). From January to April 2024, a complete of 441,992 new battery electrical automobiles had been registered, marking a rise of 6.4% in comparison with the earlier yr.

Even hybrid-electric automobiles recorded sturdy development, with registrations growing by 33.1% in April. The primary markets for this phase, France (+48.1%), Spain (+38.5%), Germany (+25.9%) and Italy (+22.8%), all noticed double-digit will increase , for a complete of 265,992 items registered. This introduced the market share of hybrid-electric automobiles to 29.1%, in comparison with 24.9% in April 2023.

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Plug-in hybrid automobiles noticed a extra modest improve of three.7% in April. While Belgium recorded a major decline of 17.6% and France remained secure (-0.1%), Germany compensated with a rise of 28.4%, main the market share of plug-in hybrids at 6.8%, with 62,148 items bought.

Petrol and Diesel automobiles

Sales of petrol automobiles grew by 7.3% in April, with 328,967 items bought. This improve was supported by sturdy positive aspects in Spain (+24.1%), Germany (+18.6%) and Italy (+14.1%). However, the market share of petrol automobiles decreased from 38.1% to 36% in comparison with the identical month final yr. Meanwhile, diesel automobile gross sales remained secure at round 118,000 items, accounting for almost 13% of the market. Despite substantial declines in Italy (-21.1%), Spain (-19.3%) and France (-18.1%), a major improve in Germany (+28.2%) helped offset the losses total.

The EU automobile market continues to point out stable development, with a notable shift in the direction of greener automobiles. The outlook for the approaching months stays optimistic, supported by the rising demand for electrical and hybrid automobiles.

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