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Automotive Industry:Europe: Difference between revisions
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=== | == Forecast == | ||
New car registrations are expected to increase by around 5% in 2023. If achieved, this would put registration volumes broadly on a par with 2020, but still far below the 13 million units recorded prior to the pandemic in 2019.<ref>https://www.acea.auto/files/Economic-and-Market-Report_Full-year-2022.pdf</ref> | |||
=== 2023 === | |||
New car registrations are expected to increase by around 5% in 2023. If achieved, this would put registration volumes broadly on a par with 2020, but still far below the 13 million units recorded prior to the pandemic in 2019.<ref>https://www.acea.auto/files/Economic-and-Market-Report_Full-year-2022.pdf</ref>4 | |||
=== 2024 === | |||
* European Union new car sales will rise by only 2.5% in 2024, a slowdown compared to a 12% increase in 2023, European automobile manufacturers association ACEA forecast.<ref>https://www.reuters.com/business/autos-transportation/eu-new-car-sales-growth-slow-ev-share-rise-2024-acea-2023-11-29/</ref> | |||
* The 2023 forecast is an upgrade from ACEA's forecast in January of 5% growth. Still, new car registrations at 10.4 million euros will be nearly 20% below record 2019 levels. | |||
* ACEA said the share of battery electric vehicles would rise from 14-14.5% this year to about 20% in 2024. | |||
== Trade Balance == | == Trade Balance == | ||