In September, new car registrations rose by 9.2% to 861,062 units, marking the fourteenth consecutive month of growth in the EU car market.

Two of the EU’s largest markets significant gains were made by Italy (+22.7%) and France (+10.7%). Germany’s market was relatively flat, with a slight drop of 0.1% compared to September 2022, ACEA reports.

The first three quarters of 2023, the EU car market grew significantly (+16.9%), reaching a total of eight million registered units. Despite year-to-date growth, the market remains 20% below the pre-pandemic level of 10 million units in 2019. Apart from Hungary (-3.2%), all markets in the region recorded gains during these nine months, including the four largest: Italy (+20.5%), Spain (+18.5%), France (+15.9%) and Germany (+14.5%).

In September, the electric battery market share reached 14.8%, up from 14.1% in September last year. This was the third time this year that battery electric cars overtook diesel, making them the third most popular choice for new car buyers. Hybrid electric cars maintained their position as the second most preferred choice, accounting for a significant 27.3% of the market. Although gasoline-powered cars are still the top choice among buyers, their market share fell from 35.3 percent in September 2022 to 34.1 percent this year.

In September 2023, EU battery electric car registrations increased by 14.3%, reaching 127,149 units, or 14.8% of the market. Germany, the largest market, fell by 28.6%, which may be linked to the reduction in incentives for private buyers since September. However, particularly positive performances in three other EU markets – the Netherlands (+70.8%), Sweden (+60.7%) and France (+34.2%) – offset Germany’s decline.

In September, registrations of new hybrid-electric cars in the EU rose by 30.5%, mainly due to strong growth in the bloc’s three biggest markets: Germany (+44.1%), Italy (+34.8%) and France (+30.2%). This resulted in a cumulative increase of 28.8%, with almost 2 million units sold in the first three quarters of the year – about a quarter of the market.

Last month, registrations of new plug-in hybrid cars in the EU were relatively flat (+0.4%), a total of 70,578 units. Strong performances in major markets such as France (+35.1%) and Belgium (+71.4%) helped offset the decline in Germany (-45.7%), the largest market for this energy source. Overall, the market share of plug-in hybrid cars fell from 8.9% to 8.2% in September this year.

In September 2023, the EU petrol car market grew by 5.5%, although its market share fell from 35.3% to 34.1% compared to September last year. Sales growth in the largest bloc markets – Italy (+32.2%), Germany (+9.1%), Spain (+3.2%) and France (+1.4%) – largely contributed in this result.

The EU diesel car market continued to decline in September (-12.5%), despite growth in Germany (+4.6%), as sales in most of the bloc’s other markets fell. Diesel cars now have a market share of 12.7%, up from 15.9% in September last year.

The European Automobile Manufacturers’ Association (ACEA) represents the 14 major car, truck and bus manufacturers based in Europe: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR , Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group and Volvo Group.