2023-12-07 15:18:05
“The European market has grown significantly in the first three quarters of 2023.” This is one of the key messages left by the Association of European Automobile Manufacturers (Acea), in its quarterly analysis of the sector.
First, The data they show is of exceptional growth. They estimate that the year will close with 10.4 million registrations in the Old Continent, which would represent an increase of 12% compared to 2022. However, this volume still represents a 20% below 2019 numbers.
Until September, the four largest markets recorded booms above double digit percentages: Italy, with 1.17 million (+20.5%); Spain, with 711,380 (+18.5%); France, with 1.28 million (15.9%) and Germany, with 2.13 million (+14.5%).
In total, the European Union accumulated 7.94 million registrations during the first nine months, a “remarkable” 16.9% more. The electric vehicle market already has a market share of 14%, with a growth of 55% year-on-year. Acea estimates that in the last quarter, zero-emission mobility will add half a percentage point to its quota.
By propulsion, gasoline continues to maintain its hegemonic presence, with 36.2% penetration, followed by conventional hybrids, with 25.2%. After them, diesel accounts for 14.1% of sales, while plug-in hybrids remain with 7.5%.
The United Kingdom also considerably improved its figures, with 20.4% more than in 2022 and 1.45 million operations. Looking ahead to next year, Acea estimates that there will be a 2.5% increase in sales in the European Union, approaching 10.7 million units.
Regarding the rest of the world, Acea maintains that “global auto sales are recovering, as problems in supply chains improve.” Compared to the previous year, the increase was 8.9%.
In addition to Europe, the North American market stands out, with 15.5% more – the US registered the same boom – and the Japanese market, with 17.8%. China, on the other hand, only showed a marginal improvement of 0.2%, but remains the largest single market, with 15.6 million registrations through September.
Production improvements
According to the association, it is important to remember that 2022 was a weak year in productive terms, so the comparisons are, in almost all aspects, favorable. Europe exceeded the threshold of 11 million units manufactured, making it the second region with the highest volume in the world.
The first is, once again, China, with 17.5 million units and a boom of 4.7%. Furthermore, this was marked by a particularly strong trade balance in terms of exports, with 473,000 cars destined for Europe or what is the same: 58.1% more and a share of 17.2% in terms of exports. monetary value is concerned.
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