Financial News: Europe Car Sales Fall For First Time In

Europe Car Sales Fall For First Time In 7 Months

02/24/2026 - 02:44:00 (RTTNews)

(RTTNews) - Europe's new car registrations declined for the first time in seven months in January, reflecting a challenging start to the year, the European Automobile Manufacturers' Association said Tuesday.

New car sales posted an annual fall of 3.9 percent in January, reversing December's 5.8 percent increase. Sales decreased for the first time since June.

The lobby said that the battery electric car market share reached 19.3 percent, highlighting the continued potential for further growth.

"Hybrid-electric vehicles lead as the most popular power type choice among buyers, with plug-in hybrids consolidating their position in the market, underlining the importance of a technology-neutral pathway to decarbonisation," ACEA said.

While hybrid-electric car registrations captured 38.6 percent of the market, the combined market share of petrol and diesel cars fell to 30.1 percent.

Data showed that sales of battery electric cars surged 24.2 percent from the last year. Sales of plug-in hybrid and hybrid electric cars moved up 28.7 percent and 6.2 percent, respectively.

In contrast, petrol car sales plunged 28.2 percent and diesel car sales slid 22.3 percent.

Further, data showed that new car registrations in Germany and France declined 6.6 percent each. Meanwhile, Italy reported an increase of 6.2 percent and Spain registered a moderate 1.1 percent rise.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

UK Rightmove House Prices Rise Despite Global Uncertainty (34 min(s), 29 sec(s) ago)
(RTTNews) - UK house prices increased in March despite the new global uncertainty created by the I ...Full Story»

India Wholesale Price Inflation Accelerates (02 hr(s), 08 min(s), 29 sec(s) ago)
(RTTNews) - India's wholesale price inflation accelerated in February, data from the Ministry ...Full Story»

China Industrial Output, Retail Sales Growth Beats Expectations (04 hr(s), 40 min(s), 29 sec(s) ago)
(RTTNews) - China's industrial production and retail sales growth exceeded expectations in the ...Full Story»

China Industrial Output Rises More Than Forecast (39 min(s), 31 sec(s) ago)
(RTTNews) - China's industrial production and retail sales increased more than expected in the ...Full Story»

China Data On Tap For Monday (48 min(s), 31 sec(s) ago)
(RTTNews) - China is scheduled to release a batch of data on Monday, highlighting an otherwise lig ...Full Story»

New Zealand Services Sector Slips Into Contraction - BusinessNZ (26 min(s), 31 sec(s) ago)
(RTTNews) - The services sector in New Zealand dropped into contraction territory in February, the ...Full Story»

U.S. Consumer Sentiment Dips In March Due To Middle East Conflict (22 min(s), 31 sec(s) ago)
(RTTNews) - Reflecting the conflict in the Middle East and the subsequent jump in gas prices, the ...Full Story»

U.S. Job Openings Increase More Than Expected In January (19 min(s), 31 sec(s) ago)
(RTTNews) - The Labor Department released a report on Friday showing job openings in the U.S. incr ...Full Story»