Financial News: Europe New Car Registrations Decline In January

Europe New Car Registrations Decline In January

02/25/2025 - 02:20:00 (RTTNews)

(RTTNews) - Europe's new car registrations declined in January as sales weakened across three major markets, the European Automobile Manufacturers' Association said Tuesday. New car sales decreased 2.6 percent from a year ago, in contrast to the 5.1 percent increase in December.

Car registrations declined 6.2 percent in France and by 5.8 percent in Italy. Germany reported a moderate fall of 2.8 percent. On the other hand, Spain recorded a 5.3 percent increase.

Overall car sales declined despite a surge in electric car demand. Hybrid-electric vehicles became the first most preferred choice among EU car buyers. Hybrid-electric vehicle sales surged ahead, commanding nearly 34.9 percent of the market. Sales of hybrid-electric cars climbed 18.4 percent boosted by sharp increases in the four biggest markets.

Battery electric vehicles made up 15 percent of the market share as new battery-electric car sales advanced 34 percent.

However, registrations of plug-in hybrid electric cars declined 8.5 percent to 61,406 units.

Further, data showed that the combined market share of petrol and diesel cars was 39.4 percent, down from 48.7 percent in the same period last year.

Petrol car sales slid 18.9 percent annually. Similarly, the diesel car market declined 27 percent, resulting in a 10 percent market share for diesel vehicles last January.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Czech Producer Price Inflation Slows To 0.5% (01 hr(s), 01 min(s), 54 sec(s) ago)
(RTTNews) - The Czech Republic's industrial producer price inflation eased for the first time ...Full Story»

Taiwan Industrial Production Growth Eases, Retail Sales Rise Further (02 hr(s), 14 min(s), 54 sec(s) ago)
(RTTNews) - Taiwan's industrial production expanded at the weakest pace in ten months in Janua ...Full Story»

German GDP Shrinks On Weaker Exports (03 hr(s), 16 min(s), 54 sec(s) ago)
(RTTNews) - The German economy contracted in the fourth quarter, in line with estimate, as the sha ...Full Story»

South African Leading Index Falls In December (03 hr(s), 57 min(s), 54 sec(s) ago)
(RTTNews) - South Africa's composite leading index decreased for the first time in four months ...Full Story»

Europe New Car Registrations Decline In January (04 hr(s), 11 min(s), 54 sec(s) ago)
(RTTNews) - Europe's new car registrations declined in January as sales weakened across three ...Full Story»

China Maintains Medium-Term Lending Facility Rate (04 hr(s), 49 min(s), 54 sec(s) ago)
(RTTNews) - The People's Bank of China conducted one-year medium-term lending facility operati ...Full Story»

Finland Jobless Rate Rises To 9.5%, Highest In 8 Months (05 hr(s), 02 min(s), 54 sec(s) ago)
(RTTNews) - Finland's unemployment rate increased in January to the highest level in eight mon ...Full Story»

European Economics News Preview: Germany GDP Data Due (05 hr(s), 23 min(s), 54 sec(s) ago)
(RTTNews) - Revised quarterly national accounts data from Germany is due on Tuesday, headlining a ...Full Story»