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More than 10.5 million new passenger cars were sold in the EU in 2023

Europe / Engineering

The European vehicle market grew last year in all countries of the bloc with the exception of Hungary.

More than 10.5 million new passenger cars were sold in the EU in 2023

In 2023, the EU automotive market ended with significant growth - almost 14% compared to 2022. Annual sales exceeded 10.5 million units, reports the European Automobile Association ACEA.

At the end of the year, all EU markets grew, with the exception of Hungary (-3.4%).

Double-digit growth was recorded in three major markets: Italy (+18.9%), Spain (+16.7%) and France (+16.1%). Germany showed a more modest figure - plus 7.3%.

In 2023, electric vehicles (BEVs) became the third most popular choice of European buyers. Their share of the EU market increased to 14.6%, surpassing that of diesel cars (13.6%). Gasoline cars retained their leadership – 35.3% of the market. Hybrid cars (HEV and PHEV) accounted for 33.5% of new passenger car sales.

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