October 2023 has made a noteworthy mark with the fifteenth consecutive month of growth in the three largest markets- France (+21.9%), Italy (+20%), and Spain (+18.1%).

In the tenth month of 2023, new car registrations showed a robust growth of 16.7%, totalling close to nine million units. Except for Hungary, all markets exhibited positive momentum during this period. We can see a positive contribution from four leading markets: Italy (+20.4%), Spain (+18.5%), France (+16.5%), and Germany (+13.5%).

In October, the market share of battery-electric cars saw an increase, reaching 14.2%, up from 12% in the corresponding month of the previous year. In addition, EU registrations of battery-electric cars increased significantly by 36.6% to reach 121,808 units with triple-digit expansion in the markets of Belgium (+147.3) and Denmark (+100.7%).

With 1.2 million units sold year-to-date, the volume is higher with a 53.1% growth compared to last year.

Registrations for hybrid-electric cars surged by 38.6% in October and witnessed growth in the top three markets: Germany (+57.9%), France (+40.1%), and Italy (+28%).

Despite a notable increase in Belgium (+70.2%) and France (+34.2%), plug-in hybrid electric car sales dropped by 5% year on year to 72,002 units last month.

This October, the EU petrol car market grew by 8.1%. The significant surge in sales across key markets, including Italy (+21%), France (+17.4%), Spain (+7.7%), and Germany (+7.5%), contributed to this increase.

However, the EU’s diesel car market continued to decline in October. The decline was evident in the four largest markets: France (-29.4%), Spain (-20.2%), Germany (-4.6%), and Italy (-3.7%) with a 12% down in market share from 15.9% in October last year.