EU car market declines again in November - small annual increase
December 19, 2024 at 12:06 am EST
BRUSSELS (dpa-AFX) - The car market in the EU continues to stutter. At 869,816 cars, 1.9 percent fewer new passenger cars were registered in November than a year earlier, according to the European manufacturers' association Acea in Brussels on Thursday. There had been a slight increase in the previous month. After the eleven months of the year to date, there was still a mini increase of 0.4 percent to 9.73 million passenger cars.
New registrations of all-electric vehicles (BEVs) were down, falling by 5.4 percent to 1.30 million vehicles so far this year. Registrations of rechargeable plug-in hybrid cars fell even more sharply, with a drop of 8.0% to just over 683,000 cars.
By contrast, hybrid drives without charging facilities are currently enjoying particular success. This includes not only cars with a dedicated electric motor, but also those with so-called mild hybrid drives, which are equipped with a supporting electric motor.
In November, the French market in particular fell off, with a drop in registrations of almost 13 percent. In Italy, the decline also amounted to more than a tenth. Germany stood still, while the Spanish market grew by a good 6 percent.
The Volkswagen Group remained the clear market leader across the EU last month and was able to increase by a good 4 percent year-on-year. The BMW Group recorded 6.5 percent fewer new registrations, mainly due to a sharp decline at Mini.
A good 4 percent more cars were registered by the Mercedes-Benz brand, but the discontinuation of the Smart also pulled the Stuttgart-based group into the red overall. Tesla suffered a severe setback with a drop in new registrations of over 40 percent. The US pioneer's Model 3, which is produced in China, is affected by the EU's electric car tariffs against the People's Republic./men/mis
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