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New car registrations in Europe (EU plus UK and EFTA countries) fell by 2.6% in May. The decline was recorded amid reduced demand for electric vehicles, according to a report by the European Automobile Manufacturers Association (ACEA).  Romania reported a 14.7% advance.

The statistics are valid for the 27 Member States of the European Union plus the United Kingdom. In addition, there are the European Free Trade Association (EFTA) countries:

  • Iceland,
  • Liechtenstein,
  • Norway,
  • Switzerland,

A total of 1.09 million cars were registered in May in Europe, compared to 1.12 million units in the same period in 2023. Sales of battery-powered cars fell by 10.8% in May compared to the same month last year. Sales of plug-in hybrid vehicles declined 9.6%, according to ACEA data. Gasoline and diesel car deliveries also fell last month, by 6.3% and 11.4% respectively.

In May, the Romanian car market grew by 14.7%. 15,643 cars were registered, compared to 13,641 vehicles in the same period in 2023.

The main European markets reported mixed developments, with decreases in:

  • Italy (6.6%),
  • Germany (4.3%),
  • France (2.9%),
  • Spain (3.4%),
  • UK (1.7%),

There are 12.9 million people employed in the European automotive sector and 8.3% of all jobs in the EU industry are in the automotive sector.

Car sales in Romania increased by almost 15% in May 2024. Europe’s car market down 2.6% (ACEA data)

New car registrations in Europe increased by 4.6% in the first five months of 2024. In 2023, 5.56 million units will be registered. The top five European markets reported increases between January and May 2024:

  • UK (7.1%),
  • Spain (6.8%),
  • Germany (5.2%),
  • France (4.9%),
  • Italy (3.4%),

In the first five months of this year, the car market in Romania grew by 2.8%, with 62,147 cars registered, compared to 60,472 vehicles in the same period in 2023.

Photo Source: freepik.com

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