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Car market in Europe: +11.5% in January 2024

WE’RE OFF TO A GOOD START – A January of the 2024In the European market “enlarged” (which includes the EU, EFTA and UK), have been registered 911,036 new autoup 11.5% compared to the same month of the previous year.

TYPES OF POWER SUPPLY – Looking at the type of engine, the most popular cars in January 2024 were found to be those gas (363,201 pieces), with a share of 35.8%. They follow hybrid (HEV), with 297,359 deliveries (29.3% share), and the electrical (BEV), which stopped at 120,926 units (11.9% of the total).

THE ELECTRICS – Even in January ’24, battery-powered cars surpassed, albeit slightly, battery-powered ones diesel (120,625 registered), down 5.4%. The four largest markets in the region – which together cover 66% of all battery electric car registrations – recorded strong double-digit increases: Belgium (+75.5%), the Netherlands (+72.2%) , France (+36.8%) and Germany (+23.9%). In January, new car registrations ibride plug-in in the EU they increased by 21.4%, thanks to significant growth in the four main markets: Spain (+26.5%), France (+29.9%), Germany (+24.3%) and Italy ( +14.2%).

LE IBRIDE PLUG-IN – Car sales ibride plug-in rebounded from the December 2023 decline, increasing by 24.4% to 80,370 units in January 2024. This growth was primarily driven by significant increases in key markets such as Belgium (+65.2%) and Germany (+62.6%). As a result, plug-in hybrid cars are now the 7,9% of total car sales in the wider European market.

I GROUPS – Il Volkswagen Group is firmly in first place, with +8.1% and 258,402 cars delivered. Second place for Stellar, at 181,120 cars and with a +16.9% compared to the same period of the previous year. Double-digit increase for Peugeot (+22.8% and 57,447 cars), Opel (39,305 cars and +35.5), Jeep (+22% and 12,141 cars), Alfa Romeo (+13.7% and 3,953 cars ).

Slight bend for the Gruppo Renaultwhich however remains stable in third place and with 92,935 cars registered (-2.1%), while the group Hyundai-Kia (86,525 cars and +1.2%) recorded a slight increase. The Group is growing Toyotawhich records 83,420 cars, with a +9.2%, the Suzuki with 15,794 license plates (+25.4%) and Honda (+27.2% and 5,966 cars). Jaguar Land Rover also did well, recording 12,206 cars, with a +25.3%. Tesla also continues its growth in Europe, recording 17,493 electric vehicles, with a +86.3%. Also noteworthy is the strong growth of Mitsubishi, which sold 4,911 cars (+96.8%).

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