Strong car registrations data for October in CEE

In October 2024, new EU car registrations reversed their decline, recording a modest 1.1% increase. In the region, Octobers numbers were very strong. In most of the CEE countries the car registrations growth was in double-digits and close to 20% in Croatia, Hungary or Poland. Only in Czechia (9.0% y/y) and Slovakia (1.4% y/y) car registrations growth was weaker. In year-to-date terms, the region has been doing quite well and in most of the countries car registrations growth was much stronger compared to the EU average (0.7% y/y). Only in Slovakia the growth dynamics matched the EU average. New car registrations by power source point to year-to-date decrease of battery electric car sales by -4.9% in the EU. In the region, battery electric cars, plug-in hybrid and hybrid-electric cars sales are down in Slovenia in year-to-date terms. Romania also saw the extensive decline of year-to-date registrations of battery electric cars. Other CEE countries experience a year-to-date increase.