GlobalData European Passenger Car Sales Update (January 2025)

2025/02/12

Summary
Commentary

Summary

Although 2024 finished on a positive note, with the PV selling rate for Western Europe improving to over 13 mn units/year in December, the opening month of 2025 has started on a somewhat more modest footing. The selling rate for January 2025 is estimated to be 11.6 mn units/year, and the latest result puts the market around the same level as the annual results in the last couple of years. In volumes terms, the year-on-year (YoY) performance for last month stood at -2%.
The environment for selling new cars in Western Europe appears to be getting more challenging. With US President Donald Trump taking a combative approach to international trade relations, which could well see some ratcheting up of tariffs between the EU and US, this will only drag on the region’s economic activity. Monetary easing should provide some support to the economy, and vehicle purchases, but we have trimmed the outlook for the PV market in the face of stronger headwinds.

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GlobalData European Passenger Car Sales Update (January 2025)

2025/02/12

Summary

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