Car registrations drop in August

In August 2024, new EU car registrations saw a sharp decrease (-18.3%) according to the European Automobile Manufacturers Association, with negative results across the major markets of the region. Specifically, double-digit losses were witnessed in Germany, France, and Italy. However, eight months into 2024, new car registrations increased by 1.4%. The picture in the region is quite similar, as almost all CEE countries saw a decline in August 2024, with only Poland and Slovenia maintaining positive growth of new car registrations. Year-to-date, new car registrations grew by 6.7% on average in the region, significantly above the EU average, which has been dragged down by declines of year-to-date new car registrations in France and Germany. In the region, new car registrations stagnated only in Slovakia, while growth in Croatia and Poland was in double digits.