New EU car registrations: +6.7% in November; battery electric 16.3% market share

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In November 2023, the EU’s car market grew by a modest but reasonably robust 6.7%. Despite a relatively low base of comparison, solid growth persisted, marking the sixteenth consecutive month of expansion.
There were substantial double-digit gains in some markets, including two of the largest: Italy (+16.2%) and France (+14%). Conversely, the German car market retracted, recording a 5.7% decline compared to November 2022.
Eleven months into 2023, new car registrations increased by a significant 15.7%, reaching nearly ten million units. With the exception of Hungary, all EU markets grew during this eleven-month period. The four largest markets notably contributed to this trend: Italy (+20%), Spain (+17.3%), France (+16.2%), and Germany (+11.4%).

New EU car registrations by power source

In November, the battery-electric car market share increased to 16.3%, a rise from 15% last year. The year-to-date share now holds steady at 14.2%, consistently surpassing diesel, which remained at 13.7%. Hybrid-electric cars were ranked second with a 27.4% market share, while petrol cars maintained their lead at 32.7%.