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GlobalData European Passenger Car Sales Update (November 2024)
2024/12/09
- Summary
- Commentary
Summary
- The Western Europe PV selling rate was 12.1 mn units/year in November, a continuation of the improvement seen in October. In year-on-year (YoY) terms, sales volumes were down 3.5%. Italy and France were the biggest losers in November as sales were down 10.8% and 12.7% YoY respectively. The UK as well as Germany also saw declines, while growth in Spain remains strong with registrations in November up 6.4% YoY.
- Year-to-date (YTD) sales experienced a slight decline of 0.2% compared to the first eleven months of 2023. The recent collapse of both the German and French governments has heightened political uncertainty in the region. Despite support coming from rate cuts and new model introductions in 2025, the combination of political headwinds, high pricing and challenges faced by domestic manufacturers, will continue to challenge market activity in the short term.
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