The European Automobile Manufacturers’ Association (ACEA) revealed on Thursday that new car sales in the European Union (EU) increased by 10.1% in February, with gasoline models maintaining the lead.
In a statement, ACEA noted that electric cars maintained their market share stable and that sales of diesel vehicles dropped in most major markets, except in Germany.
In the second month of 2024, the EU automotive market grew by 10.1% compared to the same month last year, reaching 883,608 units.
Among the four major EU markets, France and Italy saw an increase of 13% and 12.8%, respectively, followed by Spain (+9.9%) and Germany (+5.4%).
Thus, in the first two months of 2024, car registrations increased by 11.2%, reaching 1.7 million units, with the main EU markets showing “solid growth”: Germany (+11.8%), Italy (+11.7%), France (+11.2%), and Spain (+8.7%).
In February, electric cars had a market share of 12% (remaining stable compared to the same month in 2023) while hybrid electric cars held a market share of nearly 29%.
The combined market share of gasoline and diesel vehicles stood at 48.4% in February, compared to 51.9% in the same month last year, ACEA’s statement concluded.
