Car registration dynamics slow down

In September 2024, new EU car registrations continued their downward trajectory (-6.1%) with negative results across three of the regions four major markets: France (-11.1%) and Italy (-10.7%), with the German market declining by 7%. Year-to-date performance remains marginally positive in the EU. As far as the region is concerned, the growth was negative in three countries in September 2024. Hungary had a slight decline (-0.5%), while Romania and Slovakia experienced the greatest slumps (-14.9% y/y and -7.8% y/y respectively). Other countries saw positive growth dynamics in September 2024. Year-to-date, new car registrations are higher in all countries. Croatia and Poland have so far outperformed their peers with double-digit growth dynamics. Hungary and Slovenia have also shown solid year-to-date performance.