In August 2023, the EU car market expanded by 21% with registrations reaching 787,626 vehicles, marking the 13th consecutive month of growth. Despite August being typically a slow month for car sales, the double-digit growth shows the EU market is recovering from last year’s parts shortage. Most markets had double-digit percentage increases, including the three largest markets: Germany (+37.3%), France (+24.3%), and Italy (+11.9%).
from From January to August 2023, the number of new car registrations in the EU increased significantly (+17.9%) to a total of 7.1 million vehicles. Despite this year-to-date improvement, the market remains below pre-pandemic levels of 9 million units sold in 2019. Notably, the past eight months have seen double-digit growth in most markets, including the four largest markets. Spain (+20.5%), Italy (+20.2%), France (+16.6%), Germany (+16.5%).
Number of new car registrations by power source
in August, battery electric vehicles’ market share exceeded 20% for the first time (up from 11.6% in August last year), overtaking diesel for the second time this year to become the third most popular choice for new car buyers. Hybrid electric vehicles gained a market share of 24% and maintained their position as buyers’ second choice. Gasoline cars remain the most popular option, but their market share has fallen to 32.7% from 38.7% in August last year.
Electric car
in August 2023, EU registrations of battery electric vehicles increased by 118.1% to 165,165 units, accounting for 21% of the market. All his EU markets except Malta (-22.6%) recorded double- and triple-digit growth rates, while Germany, the largest market by volume, grew by an impressive 170.7%. Belgium recorded the highest growth rate of 224.5%. Overall, sales of battery electric vehicles increased by a significant 62.7%, with nearly 1 million units registered from January to August.
In August, the number of new registrations of hybrid electric vehicles in the EU increased by 29%. This was mainly driven by strong growth in three of the EU’s four largest markets: Germany (+59%), France (+38.7%) and Spain (+21.5%). Italy, on the other hand, recorded a slight decrease (-2.3%). The result was a cumulative increase of 28.6%, with nearly 1.8 million units sold between January and August, representing a quarter of the market.
The number of new registrations of plug-in hybrid cars in the EU rose by 5.5% last month to a total of 58,557. Strong performance in key markets such as the Netherlands (+44.7%), France (+40.5%) and Sweden (+24.9%) helped offset the decline in Germany (-41.1%), the power supply’s largest market. It was helpful. Despite this growth, plug-in hybrid vehicle market share fell from 8.5% to 7.4% in August this year.
gasoline and diesel cars
in August, the EU gasoline car market increased slightly by 2.1%, but the market share decreased from 38.7% to 32.7% compared to August last year. Strong performances in Italy (+25.3%) and France (+21.5%) primarily drove this growth, but most of the markets in this region declined.
Conversely, the EU diesel car market continued to decline in August (6 % decrease). Diesel vehicles now have a market share of 12.5%, down from 16.1% in August last year.
In August, battery electric vehicles’ market share exceeded 20% for the first time (up from 11.6% in August last year), overtaking diesel for the second time this year to become the third most popular choice for new car buyers. . .
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About ACEA
- The European Automobile Manufacturers’ Association (ACEA) represents 14 major European car, van, truck and bus manufacturers: BMW Group, DAF Trucks, Daimler Trucks, Ferrari, Ford of Europe and Honda Motor Europe. , Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, Volvo Group
- For more information about ACEA, please visit and follow us at www.acea.auto. www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/
- Contact: Francesca Piazza, Senior Statistics Manager, fp@acea.auto
About the EU automotive industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing employment in the EU
- European government tax revenue is 392.2 billion euros
- European Union trade surplus is 101.9 billion euros
- More than 7% of EU GDP is generated by the automotive industry
- R&D expenditure is 59.1 billion euros per year, equivalent to 31% of the EU total
Passenger car registration