They are surely the happiest that 2024 is finally behind them. Manufacturers have had a very difficult year, marked by plummeting sales in recent months. Despite a still delicate situation, December brought a small increase of 1.47% compared to the same period in 2023.
A clearing in a still very gray sky; while manufacturers recorded an overall drop of 3.17% in their sales over the entire year according to figures communicated by AAA Data. The 2024 financial year ends with 1,718,417 registrations of new passenger vehicles, concluding a fifth consecutive year below the two million mark, a record since the 1970s.
A big loss for gasoline and diesel
Compared to 2019, the last year before the pandemic, the market fell by 22.39%, a sign that the effects of COVID have not yet completely subsided. According to AAA Data, the market slowdown results in a theoretical loss of turnover of 2 billion euros.
The other analysis to draw from the results of the year is the big boom in hybrids, which increased by 23% market share, despite a dying market. These vehicles are now the majority in sales, where they represent 43% of the total compared to only 37% for traditional gasoline and diesel vehicles, which lose 10 points compared to 2023. Electric vehicles, for their part, represent 17% of the total , a drop of two points compared to 2023.
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To summarize
New vehicle sales fell in 2024, despite a small rebound in December. Some manufacturers are completing a particularly difficult year, where hybrids have overtaken gasoline for the first time.
