From MarketWatch October 22:
Europe’s car market saw a further slowdown in September, suffering from a major slump in sales of petrol, diesel, and battery electric vehicles.
The EU registered 809,163 new cars in September this year, marking a 6.1% decline in new registrations compared to the same month in 2023, new figures from the European Automobile Manufacturers’ Association (ACEA) show.
The slump was largely driven by a drop in registrations in all of Europe’s three largest car markets — France (-11.1%), Italy (-10.7%), and Germany (-7%), even as registrations increased by 6.3% in Spain, the EU’s fourth largest market.
The slump sits within the wider context of a slowdown in sales of electric vehicles that has seen the EU register 5.8% fewer battery electric vehicles in the first nine months of 2024 compared to the same period last year.
New registrations of all cars inside the EU, meanwhile, increased in the first nine months of 2024, by 0.6%, to 7,989,776 – mainly due to a sharp 20.1% increase in registrations of new hybrid electric vehicles, to 2,404,532....
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