New car registrations: +17.2% in April, battery electric 11.8% market share
In April 2023, the EU car market saw a significant increase in passenger car registrations, with 803,188 units sold, marking a 17.2% growth from the previous year. All the EU’s major markets grew solidly last month, with Italy (+29.2%) and France (+21.9%) leading the way.
From January to April 2023, the EU car market grew by 17.8% to 3.5 million registered cars. Despite the year-on-year improvement, sales were still down by 22.8% compared to the same period in 2019, highlighting the EU car market’s ongoing struggle. Among the four major EU markets, Spain (+33.7%) saw the highest gains, followed by Italy (+26.9%), France (+16.7%), and Germany (+7.9%).
Fuel types of new cars
In April, the market share of battery electric cars experienced a significant upturn, rising from 9.1% to 11.8%. While hybrids now represent 24.8% of the EU new car market, petrol cars continue to dominate with the largest share at 38.2%.
Last month, EU registrations of new battery electric cars 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 recorded double- and triple-digit percentage gains, including the two largest: France (+34.8%) and Germany (+34.1%). This amounted to a cumulative increase of 45.1%, with 415,579 units sold in the first four months of 2023.
Hybrid electric vehicles (HEVs) continued to grow in April, with sales up by 22.7% to 199,407 units. This growth was primarily due to double-digit increases in the EU’s four key markets: Germany (+35.9%), France (+28.6%), Italy (+28.3%), and Spain (+14.4%). As a result, HEVs now occupy a market share of 24.8% (up from 23.7% in April 2022).
Despite a 4.3% growth in March, the EU market for plug-in hybrid vehicles (PHEVs) declined in April (-5.5%), with sales dropping significantly in Germany (-45.7%), the largest market for this fuel type. Consequently, the overall PHEV market share declined from 9.2% in April last year to 7.4% in 2023.
Petrol and diesel cars
New petrol car registrations in the EU had another strong month in April, with sales increasing by 17.3%, reaching 306,757 units. This amounts to a market share of 38.2%, the same share as in April 2022. Growth was mainly driven by solid results in the four key EU markets, particularly Italy (+39.3%) and France (+31.3%). Since the beginning of the year, EU petrol sales have reached nearly 1.3 million units, a remarkable 18.3% increase from the same period in 2022.
The EU diesel car market remained stable in April (+0.03%), despite positive performance in two of the bloc’s largest markets: Italy (+21.5%) and Germany (+2.4%). Diesel cars represent 14.7% of the EU market share, down from 17.2% in April 2022.
From January to April 2023, the EU car market grew by 17.8% to 3.5 million registered cars. Despite the year-on-year improvement, sales were still down by 22.8% compared to the same period in 2019, highlighting the EU car market’s ongoing struggle.
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- The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Senior Statistics Manager, email@example.com.
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About the EU automobile industry
- 13.0 million Europeans work in the automotive sector
- 11.5% of all manufacturing jobs in the EU
- €374.6 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total