In December 2023, the EU car market decreased by 3.3%, with sales reaching 867,052 units. This decline can be attributed to the higher baseline performance in December 2022. December was also the month of the first contraction after 16 consecutive months of growth.
Significant increases were seen in top markets such as France (+14.5%) and Spain (+10.6%). In contrast, the German car market fell by a sharp 23% in December.
in 2023, the EU car market ended with a solid expansion of 13.9% compared to 2022, with full-year sales reaching 10.5 million units. All her EU markets grew in the past year, except Hungary (-3.4%). He recorded double-digit increases in most markets, including the three largest countries: Italy (+18.9%), Spain (+16.7%) and France (+16.1%). On the other hand, Germany recorded a modest increase of 7.3% year-on-year due to the effects of the slump in December.
EU new vehicle registration by power source
Battery electric vehicles have established themselves as the third most popular choice for buyers in 2023. December’s market share soared to his 18.5%, and for the full year he contributed a share of 14.6%, outpacing diesel cars, which remained stable at his 13.6%. Gasoline cars maintained their lead with 35.3%, and hybrid electric vehicles took their second place with a market share of 25.8%.
Electric car
in December 2023Sales of new battery electric vehicles fell for the first time since April 2020 (at the peak of the coronavirus pandemic), dropping 16.9% to 160,700 units. This decline can be attributed to a relatively strong performance in December 2022 and a significant economic downturn (-47.6%) in Germany, the largest market for this power supply. Nevertheless, overall sales for the full year 2023 exceeded 1.5 million units, reflecting a significant increase of 37% compared to 2022. The market share of battery electric vehicles reached 14.6% in 2023.
New registrations of hybrid electric vehicles in the EU in December were driven by impressive growth in three of the four largest markets: Germany (up 38%), France (up 32.6%) and Spain (up 24.3%). Increased by 26%. This led to a cumulative increase of 29.5% in 2023, with over 2.7 million units sold in 2023, accounting for his quarter of the EU market share.
In contrast, sales of plug-in hybrid electric vehicles ended the year on a downward trend, dropping significantly by 40.2% to 71,546 units in December 2023. Growth occurred in major markets Belgium (up 19.7%) and France (up 17.3%). was not enough to offset a significant decline (-74.4%) in Germany, the largest market for this power supply. As a result, the EU plug-in hybrid electric vehicle market decreased by 7% compared to 2022 and currently accounts for a market share of 7.7%.
gasoline and diesel cars
in December 2023, the EU gasoline vehicle market grew by 5.1%, with significant contributions from key markets such as Italy (+24.9%) and Germany (+16.1%). This resulted in a total of 3.7 million units sold, an increase of 10.6% year-on-year. Gasoline vehicles maintained the lead with a market share of 35.3% throughout 2023, but experienced a slight decline from 36.4% in 2022.
The EU diesel car market continued to decline in December, contracting by 9.1%.This decline was evident in several major markets, including the three largest markets: Spain
(-26.5%), France (-22.2%), and Italy (-19.7%). However, Germany deviated from this trend with her 10.3% growth. Diesel vehicle sales in 2023 will reach 1.4 million units, with a market share of 13.6%, down from 16.4% in 2022.
Total sales for the full year 2023 exceeded 1.5 million units, reflecting a significant increase of 37% compared to 2022. The market share of battery electric vehicles reached his 14.6% in 2023.
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About ACEA
- The European Automobile Manufacturers Association (ACEA) represents 15 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, Nissan, 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