Home Latest News & Insights EU CAR MARKET SEES INCREASE IN APRIL 2024

EU CAR MARKET SEES INCREASE IN APRIL 2024

May 24, 2024
automotive

EU car market sees increase. In April 2024, new car registrations in the European Union increased by 13.7%, reaching a total of 913,995 units, according to the European Automobile Manufacturers Association (ACEA). Spain led this growth with a 23.1% increase.

Germany observed a significant 19.8% surge in new car registrations, while France recorded a 10.9% increase. Italy experienced a 7.7% growth in new car sales.

Battery electric vehicles comprised 11.9% of the market share in April. This rise resulted partly from two additional sales days compared to the same month last year.

In the first four months of 2024, new car registrations in the European Union grew by 6.6%, totaling nearly 3.7 million units, ACEA reported. Germany and Spain each recorded a 7.8% increase in registrations.

France noted a 7% rise in car registrations during this period, while Italy saw a 6.1% growth, contributing to the overall positive trend in the EU car market.