Market News
The Greek automotive market (May 2024)
Passenger cars
New: The new passenger car market was up by +6,2% in May compared to the same period in 2023.
In the first five months of 2024, 63.873 new passenger cars have been registered compared to 56.968 the year before (+12,1%).
Passenger car market in May 2024 posted 13.760 registrations compared to 12.957 the year before. Hybrid passenger car registrations reached 5.810 units (42,2%), followed by 5.592 petrol cars (40,6%), 983 diesel cars (7,1%),626 plug-in hybrid (4,5%), 405 electrical ones (2,9%) and 2 CNG-powered cars. 60,9% of total passenger car registrations are cars with engine size up to 1.400 cc.
Light Commercial Vehicles
(gross weight up to 3.5 tons)
New: The light commercial vehicle market was down by -12,6% in May compared to May 2023.
Since January 2024, 3.928 light trucks have been registered compared with 4.372 the same period in 2023 (-10,2%). Pick-ups represent the highest share in the market (41,5%) followed by Vanettes with a market share of 33,7%.
Pick-ups represent the highest share in the light commercial vehicle market (41,0%), followed by Vanettes with a market share of 36,1%.
Light commercial vehicles market posted 692 registrations in May 2024 compared to 792 the year before (-12,6%).
Commercial Vehicles
(gross weight over 3.5 tons)
New: The commercial vehicle market was down by -8,8% compared to May 2023.
Since the beginning of the year, 527 units were registered as compared to 307 the year before, suggesting an increase of +71,7%.
In May 2024, 62 trucks were sold in total, compared with 68 the year before.
Moreover, imported used commercial vehicles still cover the greatest share of the specific market segment. New CVs represent only a small percentage, pushing the average age of commercial vehicles in Greece to high levels. This, expectedly, generates environmental and road safety issues.
Buses
New: The bus market increased in May by +985,2%, as compared to May 2023.
During the first five months of the year, 463 buses were registered compared with 104 the year before (+345,2%).
Regarding May 2024, 293 buses were registered compared to 27 buses in May 2023.
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