Data published by the European Automobile Manufacturers Association (ACEA) showed that in January, the number of registrations of new passenger cars in the European Union rose by 11.3% per year, to 760.041 units, after an increase by 12.8% per year in December. This was the sixth increase in a row. However, the increase in January was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached.
Meanwhile, the number of new vehicles registered in the European Union, Britain and the European Free Trade Association (EFTA) grew in January by 10.7% per annum, to 911,064 units.
The data also showed that in January the number of registrations of new passenger cars in Spain increased by 51.4% per annum, while Italy reported an increase by 19.0% per annum. Meanwhile, in France, the number of registrations of new passenger cars increased by 8.8% per annum. The exception to this trend was Germany, which recorded a 2.6% decline in January.
ACEA said that in January battery electric and hybrid passenger car registrations in the EU continued to grow, accounting for 9.5% and 26.0% of the market respectively. Nonetheless, petrol remained the most popular fuel type for newly-registered cars in the EU, with a market share of 37.9%.