Who sold the most cars in Europe in March 2024?

The European car market has slowed its growth. In March, for the first time this year, registrations were down on the same period last year: -2.8%. According to data published today by ACEA, car registrations in all the countries of the enlarged European Union plus EFTA and the United Kingdom (EU 27 + EFTA + United Kingdom. Data for Malta is not currently available) totalled 1,383,410 units.

However, the cumulative figure for the first quarter of the year remained positive (3,395,049 units, +4.9% year-on-year). In the third month of the year, of the five main markets (including the UK), only the UK recorded growth (+10.4%), while Germany (-6.2%), Spain (-4.7%), Italy (-3.7%) and France (-1.5%) fell.

Looking instead at the fuels used by registered cars, the penetration share of pure electric cars (BEVs) reached 14.2%, once again outstripping diesel (10.1%).

Market share by engine

In the EU zone+EFTA+UK, alternative fuel cars increased by 4.9%; in particular, BEV cars fell (-11%, with a share of 14.2%), while conventional hybrids continued to rise (+15.4%, with a share of 30.6%). In all, 720,000 hybrids of all types and electric cars (52.1% of the market) were registered. Together, BEVs and PHEVs achieved a share of 21.4%.

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Who's winning and who's losing?

Registrations by brand in Europe in March 2024 (EU 27+EFTA+UK) show that the Renault group continues to do well thanks to Dacia (+6.3%), while within the Volkswagen group (still leader in Europe with the largest market share) Skoda (+1.9%), Cupra (+5.2) and Porsche (+9.2%) performed well in March. Within Stellantis, only Jeep (+7.2%) recorded positive results.