How much are car sales increasing in Europe?

We now have a complete picture of international and domestic car sales. We know Which companies are more profitable, which shows up in saleswhich the category drivers preferred in 2022 and in general the mystery of last year has been completed and we are looking at it first quarter of 2023 in Europe. And it looks good, and it accounts for the momentum that sales seemed to have from the second half of 2022 – despite the many problems in the automotive industry.

What happened in Europe from January to April 2023

In April 2023, the new EU car market saw a significant increase in passenger car registrations, with 803,188 sales, indicating an increase of 17.2% compared to the corresponding month of the previous year. All major EU markets grew strongly last month, with Italy (+29.2%) and France (+21.9%) leading the way.

From January to April 2023, the European Union car (and vehicle) market grew by 17.8% to 3.5 million registered vehicles. Despite the year-on-year improvement, sales were still down 22.8% compared to the same period in 2019.

Among the four largest EU markets, Spain (+33.7%) posted the biggest gain, followed by Italy (+26.9%), France (+16.7%) and Germany (+7, 9%).

Electric cars are also on the rise

In April, The market share of battery electric vehicles saw a significant recovery, increasing its share from 9.1% to 11.8%. While hybrids now account for 24.8% of the EU’s new car market, petrol vehicles continue to dominate with the largest share of 38.2%.

last month, registrations of new battery electric vehicles in the European Union recorded a significant increase (+51.9%), reaching 94,561 units. This represents a market share of 11.8%, an increase of almost 3% compared to April 2022. Most EU markets achieved gains of two and three percentage points, including the two largest: France (+34.8%) and Germany ( +34.1% )). This situation led to a total increase of 45.1%, and 415,579 units were sold in the first quarter of 2023.

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Hybrid electric vehicles (HEVs) continued to grow in April, with sales up 22.7% to 199,407 units. This increase was mainly driven by double-digit growth in four key EU markets: Germany (+35.9%), France (+28.6%), Italy (+28.3%) and Spain (+14.4%). Therefore, HEVs now own a market share of 24.8% (from 23.7% in April 2022).

Despite the 4.3 percent increase in March, The European Union’s hybrid vehicle (PHEV) market fell in April (-5.5%), with sales falling sharply in Germany (-45.7%)., the largest market for this type of car. As a result, the overall PHEV market share dropped from 9.2% in April last year to 7.4% in 2023.

Petrol and diesel

New registrations of petrol vehicles in the European Union had another strong month in April, with sales up 17.3%., reaching 306,757 units. This is equivalent to a market share of 38.2%, the same share as in April 2022. Growth is mainly due to solid results in the four main markets of the European Union, especially Italy (+39.3%) and France (+31, 3%). Since the beginning of the year, gasoline sales in the EU have reached almost 1.3 million units, an impressive increase of 18.3% compared to the same period in 2022.

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The EU diesel car market remained stable in April (+0.03%), despite good performances in the group’s two largest markets: Italy (+21.5%) and Germany (+2.4%). Diesel cars account for 14.7% of the EU market share, up from 17.2% in April 2022.

With news from capital.gr

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