P&A Providers & Administrators
MenuMENU
SearchSEARCH

Europe’s New-Vehicle Sales Down

December blip due in part to EV sales falling from year-earlier high.

January 18, 2024
Europe’s New-Vehicle Sales Down

As inventories were replenished throughout last year, sales benefited, closing at 10.5 million units.

IMAGE: Pexels/Tetyana Kovyrina

1 min to read


New-vehicle sales in Europe fell more than 3% to close the year after 16 straight months of growth, though they were up about 14% for the year.

More than 867,000 units were registered on the continent in December, according to the European Automobile Manufacturers’ Association, which attributed the decline to the high number seen a year earlier as the industry had started to pull out of pandemic conditions.

Ad Loading...

As inventories were replenished throughout last year, sales benefited, closing at 10.5 million units, with every submarket but Hungary growing, most by double digits, the association said.

About a 17% drop in battery-electric vehicle sales, the first decline in the segment since April 2020, contributed to the December industry blip. The association attributed the EV decline to brisk electric sales a year earlier, in addition to a steep 48% drop in Germany, Europe’s biggest EV market. Still, electrified vehicle sales were up 37% for the year to more than 1.5 million units and about 15% overall market share, the third biggest market share behind gas-powered and hybrid models, at Nos. 1 and 2.

LEARN MORE: Europe Gets More Electric

 

 

 

Originally posted on Auto Dealer Today

More Industry

Photo of the back of an electric Mercedes
Industryby Hannah MitchellJune 10, 2026

Auto Prices Ride May Moderation

Flat ATPs and asking prices clocked in below long-term averages for the month, though some segments saw significant price gains, reported Cox Automotive.

Read More →
Photo of white Toyota car in front of dealership
Industryby Hannah MitchellJune 9, 2026

Auto Retail Families Get Out While the Getting’s Good

Kerrigan Advisors’ first-quarter Blue Sky Report shows a sharp uptick in buy-sell deals as more retailers take advantage of handsome values while seeking to escape market risk.

Read More →
daytime, front of car dealership Lexus of Vancouver
Industryby Lauren LawrenceJune 3, 2026

Holman Opens New Lexus Dealership

Located in the heart of Clark County, Lexus of Vancouver features a multi-level showroom, more than 30 service bays, an indoor drive for drop-off and pick-up and a fleet of courtesy vehicles.

Read More →
Ad Loading...
Subwoofer in trunk of car.
Industryby Lauren LawrenceMay 26, 2026

Ownership Priorities are Shifting

A new survey shows that in the U.S. vehicle quality for generation Z is largely defined by advanced safety features, intuitive technology and premium sound systems.

Read More →
Man's hand holding gas pump in fuel tank of white car
Industryby Hannah MitchellMay 26, 2026

Pump Price Jump Calculated

ISeeCars.com examined fuel costs for different power trains, finding which ones have experienced the biggest hits since the war in Iran commenced.

Read More →
Graphic showing previous week's truck and SUV segment prices
Industryby StaffMay 20, 2026

Black Book: Weekly Market Update

Wholesale values fell last week despite the spring season still being in the traditional full-gear mode, analysts said.

Read More →
Ad Loading...
Photo of dealership sign with Toyota logo
Industryby Lauren LawrenceMay 19, 2026

Arkansas Auto Group Acquires First Indiana Rooftop

Performance Brokerage Services represented both the buyer and seller in the sale of Carver Toyota of Columbus by Carlock Automotive Group.

Read More →
Headshot photo of Antonio Filosa, Stellantis CEO
Industryby Hannah MitchellMay 19, 2026

Stellantis to Dive Into U.S. Lending

The multinational maker of Chrysler, Dodge, Jeep, Ram and multiple other brands received conditional approvals for a Utah-based industrial bank.

Read More →
Photo of the rear of a new BMW iX SUV
Industryby Hannah MitchellMay 12, 2026

New-Vehicle Prices Rise

With April sales down, higher prices on in-demand large vehicles helped inflate the overall ATP, though increases were under long-term averages, Cox Automotive reported.

Read More →
Ad Loading...
Graphic of car segments' results the previous week
Industryby StaffMay 12, 2026

Black Book: Weekly Market Update

Last week in the wholesale automotive market proved to be a mixed bag, analysts reported.

Read More →