July’s diesel share of new W. Europe passenger car sales is confirmed at 15.0% with August coming in at an estimated 13.9% (and unlikely to change much, if at all), the lowest value seen since the decline set in some years ago. However, the annualised fall was just 1.1 percentage points, among the lowest such comparable in recent times, with August typically being a weaker month for diesel car demand.
To date, the region’s diesel share has achieved 14.7%, just 1.9pp below the level seen for the same period in 2023. Volume-wise, the YoY decline in August diesel sales was 30k units with year-to-date sales falling by 130k units. Germany accounted for almost one third of the YoY decline in August with diesel sales 13k units lower than seen in August 2023 although the car market overall was very weak compared with a year earlier and in fact diesel modestly increased its share compared with August 2023. The country’s BEV market was very weak in August with gasoline and gasoline hybrid being the most robust technologies, seeing lower YoY volume decline than diesel and much lower than battery electric vehicles.
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The trend in BEV and diesel car sales in Germany is shown below. Until late 2023 it seemed that BEV may overtake diesel, but the latter has opened a significant gap (of almost 400k units so far this year)
This article was first published on GlobalData’s dedicated research platform, the Automotive Intelligence Center.
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