The European car market is growing. Only Italy is slowing down

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Among the five Major Markets, Spain stands out with a plus 15.9% in the month of October

The European car market continues its positive trend, recording a growth of 4.9% in October with 1,091,904 registrations compared to the 1,041,389 units in the same month of 2024. In the January-October period, the European market totals 11,020,514 registrations: an increase of 1.9% compared to the 10,818,539 in the first ten months of 2024. However, Unrae (National Union of Foreign Motor Vehicle Representatives) warns that the comparison with 2019 still highlights a significant gap: -10.1% in October and -17.3% in the 10 months.

Examining the trend of the main markets, Unrae explains, a differentiated situation emerges among the 5 Major Markets. Spain stands out for the most brilliant performance, with a +15.9% in October and +14.9% in the cumulative. Germany records a +7.8% in the month, but the progress in the ten months is limited to 0.5%. France follows with a growth of 2.9% in the month, but a contraction of 5.4% in the ten months. The United Kingdom is also positive, showing a +0.5% in October, but a +3.9% in the annual cumulative. Italy, which confirms its fourth position both in the month and in the cumulative, represents the only negative note among the main markets, recording a decline of 0.5% in October and 2.6% in the 10 months.