New car sales in the EU rose 14.6% in October from a year earlier, increasing significantly for the 15th month in a row, with new car registrations up 16.7% in the first ten months of 2023 from same period of 2022
This is shown by the latest data from the Association of European Automobile Manufacturers (ACEA).
At the same time, new cars registered in Bulgaria increased by 16.7% compared to October 2022. and grew by 23.8% in the period January – October compared to the first ten months of last year.
Sales (registration) of new passenger cars in the European Union rose in October by 14.6% compared to the same month in 2022, reaching 855,484 units, with nearly 9 million new cars registered in the first 10 months of the year.
Significant growth in October was reported by three of the leading automotive markets in the EU, with an increase of 21.9% in France, 20% in Italy and 18.1% in Spain. At the same time, however, Germany’s leading car market saw only a modest increase of 4.9% compared to October 2022.
ACEA data show that newly registered cars in Bulgaria increased in October by 16.7% compared to a year earlier to 2,781, writes pariteni.bg.
In the first ten months of 2023, new car registrations in the EU increased by 16.7% compared to the same period in 2022, reaching 8.795 million units, with sales of new cars in Italy jumping by 20%, in Spain by 18 .5%, in France – by 16.5% and in Germany – by 13.5 percent.
Sales of new cars in Bulgaria during the period January – October 2023 increased by 23.8% compared to the first 10 months of last year, reaching a total of 30,147 units.
In October, the share of new electric and hybrid passenger cars in the EU rose to 14.2% and 28.6% respectively, although the share of sales of new cars with petrol engines continued to be the largest, reaching the tenth month of the year 33.4 percent.
New EU electric car registrations jumped by as much as 36.3% in October, reaching 121,808 units, representing a 14.2% share of the car market. Since the beginning of the year, 1.2 million new electric cars were sold, which is an increase of 53.1% compared to the same period a year earlier and represent 14% of the entire car market. Sales of new hybrid cars increased by 38.6% to 264,694 units, which is a market share of 28.6%, and for the first 10 months of the year their sales jumped by 29.8% to a total of 2.2 million units .
New petrol car registrations rose in the EU in October by 8.1%, but with market share shrinking to 33.5% from 35.4% in the same month in 2022, while sales of new diesel cars fell by 13.2%, which leads to a drop in their market share to 12% from 15.9% a year ago.
According to ACEA, sales of new cars in Bulgaria rose in October by 16.7% compared to a year earlier to 2,781 units, with the registration of new electric cars increasing by 29.1% to 111 units, and within the first 10 months of the year jumped by as much as 128.4% to 1423 pieces. Sales of new hybrid cars in Bulgaria increased in October by 73.3% to 40 units, and for the period January-October – by 69% to 561, while sales of cars with gasoline engines increased in October by 18.3% to 1976 units, and in the first ten months of 2023 they rose by 19.2% to 20,739 units. The registration of new diesel cars in our country rose slightly in October by 7.1% to 631 units, and for the first 10 months of the year – by 21.5% to 7149.
Meanwhile, almost all leading European car companies in the EU saw sales growth in October 2023.
However, the sales of cars from the German car giant “Volkswagen” (Volkswagen Group) grew relatively weakly in October – by 9.9% compared to a year earlier, and in the first 10 months of the year – by 20.5%. At the same time, Volkswagen reduced its market share in October to 24.6% from 25.6% in October 2022, but increased its share for the first 10 months of the year to 26.1% from 25.2%, maintaining its leadership position on the car market in Europe.
French major Renault Group (maker of the Renault and Dacia models) reported much more solid growth in new car sales last month, rising 24.3% year-on-year, increasing the company’s market share in Europe to 11. 2% from 10.3% a year earlier.
New car sales of the luxury German brands Mercedes-Benz (up 11.8%) and BMW (up 17.7%) reported good increases in October.
A steady increase of 11.3% in October was also reported by the automotive consortium Stellantis – the merger between Italy’s FCA Group and France’s PSA Group, or Peugeot.
Toyota Group reported an 11.5% increase in EU sales in October, while Ford’s sales fell 14%.
Tesla’s electric car sales in the EU jumped as much as 148.1% in October to 14,183 units, with market share rising to 1.7% from 0.8% a year earlier. For the first 10 months of the year, Telsa sold 217,394 electric cars in Europe, which represents a growth of 132.5% compared to the same period in 2022.
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