We just received the auto market numbers for November 2024, and it really isn't pretty. New car registrations continue to fall, confirming a trend that was already worrying in October. Between falling sales and upcoming new rules, the sector is going through a period of turbulence.
After a “black October” for the electric car market, the month of November 2024 confirms the trend with a drop of 13% of the registrations of cars particular new compared to November 2023. If the calendar context (two working days less) amplifies this drop, the cumulative drop since January now reaches 4%. As 2025 approaches and the regulatory changes announced, uncertainty slows down purchases and further complicates the situation of an already struggling sector.
THE electric carswhich had experienced spectacular growth in 2023, are experiencing strong decline of 24% in November, extending the downward trend that began in October. However, a few models stand out from the crowd. The Citroën ë-C3 climbs to third place in electric sales thanks to its attractive price, while the Renault 5 and the Scenic E-Tech show spectacular progress. On the other hand, brands like Tesla (-60 %) et Dacia (-72%) contribute largely to the general decline in sales electric.
Hybrids are progressing while SUVs still dominate registrations
Despite the overall fall, hybrids display a increase of 17%representing nearly 48% of registrations in November. THE “microhybrides”, in particular, record a strong increase (+71 %), supporting models like Renault Clio Hybrid and the Peugeot 3008 Hybrid. THE SUVWho exceed 50% market share, remain the most popular vehicles among the French. Models like the Renault Austral and the Peugeot 5008 continue to attract driversdespite a drop of 4% in this category.
The second-hand market remains a refuge, but it could be affected by the new measures in force from December 2, 2024. The sudden abolition of the conversion bonus, advanced by decree, puts end to crucial aid for the renewal of the vehicle fleet. With this disappearance and the upcoming restrictions on Crit'Air 3 vehicles in the Greater Paris ZFE from January 2025transactions could focus more on newer, less polluting models. Used electric models like the Peugeot e-208 and the Renault Zoe nevertheless continue to gain popularitywith an increase of 19% in November.
Source : AAA data
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