New car market under pressure: approvals fall, electric cars fall!

New car market under pressure: approvals fall, electric cars fall!

In December 2024, the Federal Motor Transport Authority (KBA) registered a total of 224,721 new cars, which corresponds to a decline of 7.1 % compared to the previous year. The 2024 annual balance sheet shows that a total of 2,817,331 new cars were recorded this year, which corresponds to a slight minus of 1.0 % compared to the previous year. In addition, a total of 3,495,412 motor vehicles were re-registered in 2024, which represents an increase of 0.5 % compared to the previous year, such as Auto Motor und Sport reported.

In terms of the type of new registrations, the proportion of commercial approvals made 67.5 %, which corresponds to a decline of 0.4 % compared to the previous year. Private new registrations also fell by 2.1 %. The distribution of the drive types has also shown interesting developments. The market share of the petrol engine was 35.2 % (991,948 cars), while 483,261 vehicles with diesel drive were approved, which corresponds to 17.2 %. The decline in the new registrations of electric cars, which fell 380,609 and thus record a decline of 27.4 % and a market share of 13.5 %, is particularly strict

new registrations in detail

The new registrations of hybrid models rose by 12.7 % to 947,398 units, which is 33.6 % of the market. The plug-in hybrids also had an increase of 9.2 % to 191,905 approvals, which corresponds to a market share of 6.8 %. In comparison, only 13,711 liquid gas -powered cars were approved, which corresponds to a market share of 0.5 %. With 137 new registrations, natural gas vehicles have a dramatic decline of 89.7 %. The average CO₂ emissions were 119.8 g/km according to WLTP, which is an increase of 4.2 %. Market information shows that the 2024 SUV segment had a share of 30.2 %, while the compact class was followed by 18.7 %.

The new registration record for 2024 shows a mixed picture regarding the car brands. Porsche recorded an increase of 9.9 %, while VW still remained the highest brand with a 19.1 % market share. Brands such as Tesla and Polestar showed significant declines with -41.0 % or -49.4 %. In the area of ​​used cars, a total of 500,236 vehicles changed hands in December 2024, which corresponds to an increase of 4.0 %. In total, 7,525,836 vehicles changed owners in 2024, which means an increase of 7.1 %.

-transmitted by West-Ost-media