Investing.com — European car sales experienced a slight increase of 0.9% in 2024, driven primarily by a substantial growth in hybrid car registrations, according to data by the European Automobile Manufacturers Association ( ACEA (BIT:)).
The data revealed that hybrid car registrations outpaced petrol ones for the fourth month in a row in December.
Renault (EPA:) managed to surpass Stellantis (NYSE:) in terms of market share in Europe for the first time since the Franco-Italian conglomerate was established in January 2021, according to ACEA.
Sales in the European Union, Britain, and the European Free Trade Area (EFTA) saw a 4.1% year-on-year increase in December, with 1.1 million cars being sold. Volkswagen (ETR:) and Renault saw their registrations grow by 4.9% and 16.6% respectively, while Stellantis recorded a 6.7% drop.
Renault’s market share in Europe climbed to 11.9%, while…
