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USED CAR MARKET RECORDS 5.5% GROWTH IN 2024, EVS REACH RECORD MARKET SHARE

NFDA 10/02/2025

In 2024, the used car market grew by 5.5%, reaching 7,643,180 transactions. From October to December, transactions increased by 4.0% to 1,746,051, marking eight consecutive quarters of growth. Throughout the year, demand for used battery electric vehicles (BEVs) surged by 57.4%, reaching a record 188,382 units and setting a new market share high of 2.5%, up from 1.7% in 2023. Sales of plug-in hybrids (PHEVs) and hybrids (HEVs) also saw significant growth, rising by 32.2% to 92,120 units and 39.3% to 306,114 units, respectively. Petrol and diesel vehicles made up 92.1% of all used car transactions, a slight decrease from 94.3% the previous year. Petrol remained the leading choice, rising by 6.8% to represent 57.1% of the market, while diesel transactions declined by -2.4%, accounting for 35.0% of all sales.

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LCV MARKET DECLINES BY -20.5% IN JANUARY, EV UPTAKE RISES FOR FOURTH CONSECUTIVE MONTH

NFDA 05/02/2025

In January, Light Commercial Vehicle (LCV) dealers registered a total of 19,050 new vans and light commercials, a decrease of -20.5%. The heavier sectors of LCVs saw declines, with 2.0-2.5t sized vans dropping to 3,507 units from 5,040 units, a -30.4% decrease. The heavier, and most popular sized vans (2.5-3.5t) also saw a drop to 11,537 units from 14,839 units, a -22.3% decrease. ...

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2025 BEGINS WITH CONTINUED DECLINE IN NEW CAR MARKET, EVS TAKE MORE THAN A FIFTH OF REGISTRATIONS

NFDA 05/02/2025

In January, a total of 139,345 new cars were registered, a decrease of -2.5% from the same period last year. Sales to private buyers were down by -0.5%; fleet registrations were also down by -3.7%.Battery electric vehicles (BEVs) saw a sizeable increase, up 41.6% to 29,634 units, to make up a market share of 21.3%. Plug-in hybrid (PHEVs) registrations also rose by 5.5% to 12,598 units, as did hybrids (HEVs) by 2.9% to 18,413 units.

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