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GlobalData European Passenger Car Sales Update (December 2024)
2025/01/09
- Summary
- Commentary
Summary
- In December 2024, Western Europe’s PV selling rate continued its upward trend, reaching 13.1 mn units/year. Year-on-year (YoY), sales volumes increased by 1.2%. However, Italy and Germany experienced declines of 4.9% and 7.1% respectively. The UK saw stable sales, while Spain stood out with a remarkable growth of nearly 29%.
- Looking ahead to 2025, the market is expected to receive a boost from rate cuts and the introduction of new models. However, the region is grappling with significant political unrest and economic challenges. Additionally, challenges facing EV sales in key markets like Germany is a cause for concern. While some countries have included subsidies for EVs in their 2025 budgets, the focus on commercial vehicles over passenger vehicles may impact consumer decisions. Poor infrastructure and other factors are also contributing to consumer hesitancy towards purchasing EVs.
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