Market News

The Greek automotive market (August 2024)

Passenger cars

New: The new passenger car market was down by -21,4% in August compared to the same period in 2023.

In the first eight months of 2024, 98.374 new passenger cars have been registered compared to 93.110 the year before (+5,7%).

Passenger car market in August 2024 posted 8.149 registrations compared to 10.368 the year before. Hybrid passenger car registrations reached 3.870 units (47,5%), followed by 2.648 petrol cars (32,5%), 514 electrical ones (6,3%), 458 plug-in hybrid cars (6,1%) and 344 diesel cars (4,2%). 53,8% 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 up by +55,9% in August compared to August 2023.

Since January 2024, 7.016 light trucks have been registered compared with 6.953 the same period in 2023 (+0,9%). Pick-ups represent the highest share in the market (38,4%) followed by Vanettes with a market share of 37,8%.

Vanettes represent the highest share in the light commercial vehicle market (42,2%), followed by Vans with a market share of 30,9%.

Light commercial vehicles market posted 770 registrations in August 2024 compared to 494 the year before (+55,9%).

Commercial Vehicles
(gross weight over 3.5 tons)

New: The commercial vehicle market in August was down by -64,8% compared to August 2023.

Since the beginning of the year, 699 units were registered as compared to 572 the year before, suggesting an increase of +22,8%.

In August 2024, 25 trucks were sold in total, compared with 71 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 August by +461,9%, as compared to August 2023.

During the first eight months of the year, 660 buses were registered compared with 187 the year before (+252,9%).

Regarding August 2024, 118 buses were registered compared to 21 buses in August 2023.

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