In 2023, Germany led Europe in petrol passenger car registrations, reaching 2.2849 million, while France and Spain followed with 1.4819 million and 0.98198 million respectively. Germany saw a modest 1.29% increase, with France and Spain showing stronger growth at 3.02% and 3.22%. Notable declines were observed in Romania (-11.73%) and Switzerland (-0.15%). Hungary achieved the highest yearly increase at 4.57%. In contrast, Latvia and Moldova experienced declines in registrations.
Future trends indicate potential growth in hybrid technology integration amidst tightening emission regulations, prompting shifts towards more sustainable car models across Europe, particularly in environmentally-conscious markets like Norway and Sweden.
Top countries in New Registrations of Petrol Passenger Cars (Including Hybrids) by Country
| # | 10 Countries | Units (Registrations) | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 2,284,900 | 2023 | +1.76% | +1.29% | View data |
| 2 | 2 France | 1,481,900 | 2023 | +3.61% | +3.02% | View data |
| 3 | 3 Spain | 981,980 | 2023 | +4.21% | +3.22% | View data |
| 4 | 4 Italy | 805,150 | 2023 | +1.48% | +0.77% | View data |
| 5 | 5 Belgium | 407,980 | 2023 | +3.82% | +3.27% | View data |
| 6 | 6 Sweden | 248,090 | 2023 | +3.17% | +2.87% | View data |
| 7 | 7 Hungary | 218,940 | 2023 | +4.75% | +4.57% | View data |
| 8 | 8 Switzerland | 201,870 | 2023 | +0.16% | -0.15% | View data |
| 9 | 9 Austria | 199,870 | 2023 | +1.65% | +0.75% | View data |
| 10 | 10 Denmark | 148,880 | 2023 | +0.9% | +1.05% | View data |
