The European passenger car market grows by 1% over 9 months 2024
- The European automobile market for passenger cars (31 countries) fell by 4.2% in September 2024 compared to September 2023, to 1,118,083 units against 1,167,637, after having fallen by 16.5% in August 2024 and stagnated at +0.4% in July 2024. As a result, the market only increases by 1% over the first 9 months of 2024, to 9,779,605 units compared to 9,685,850 over the first 9 months of 2023, the first half of 2024 having been largely positive (+4.4%).
- The European countries which see their sales increase in 2024 (over 9 months) are Poland (+13.8%), Bulgaria (+18.4%), Croatia (+12%), Hungary (+7.3%), Romania (+4.3%), the United Kingdom (+4.3%), the Czech Republic (+2.6%), Slovenia (+6.8%), Spain (+4.7%) and Cyprus (+6.2%). Thus, we observe that the countries which have seen their sales increase are overwhelmingly those located in Eastern Europe (apart from Spain), that is to say those which buy very few electric vehicles (including Spain). One exception: the United Kingdom, which is one of the largest buyers of BEVs and whose overall market is growing by 4.3%.
- The European countries which are seeing their sales decline sharply in 2024 (over 9 months) are Finland (-19.1%), Sweden (-7.9%) and Norway (-3.9%) which are among the countries with the greatest demand for electric vehicles. Note that Germany saw its sales fall by 1% and France by 1.8%, these countries being among the largest buyers of electric vehicles in volume.
- It seems that countries purchasing electric vehicles are affected by the drop in demand for BEVs and that those which purchase very few BEVs are on the opposing very little affected.