Sales of new cars in Europe grew 20.8% in August 2023, according to ACEA Auto, while almost 18% more new cars have been sold in the first eight months of the year.
This is the thirteenth consecutive month of growth. On the negative side, the registrations of 7.1 mil new cars still means we are almost 2 mil short when compared to the pre-COVID-pandemic level in 2019.
More than 20% of new cars sold were battery-electric in August (up from 12% last year), while hybrid-electric cars held a 24% market share.
Volkswagen Group sold again the most cars in August 2023 in Europe, some 240 thousand vehicles representing 10.6% of the European market. Sales of Renault Group amounted to 79.5 thousand vehicles (or 8.80% of the market) while Hyundai Group and Toyota Group held 8.50% and 7.10% of the European market in August.
In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 859 thousand sold vehicles, or 10.1% of all new passenger cars sold on the European market from the beginning of the year.
In terms of momentum, Skoda Auto gained the most in terms of market share when compared to last year followed by Audi and Mazda. Citroen and Hyundai were on the other end of the market spectrum losing market share.
Helgi Library 
