Market News
The Greek automotive market (October 2023)
Passenger cars
New: The new passenger car market was up by +44,8% in October compared to the same period in 2022.
In the first ten months of 2023, 115.793 new passenger cars have been registered compared to 90.726 the year before (+27,6%).
Passenger car market in October 2023 posted 11.282 registrations compared to 7.791 the year before. Petrol passenger car registrations reached 4.238 units (37,6%), followed by 3.652 hybrids (32,4%), 1.362 diesel cars (12,1%), 1.118 plug-in hybrid (9,9%), 416 electrical ones (3,7%) and 38 CNG-powered cars (0,3%). 52,6% of total passenger car registrations in October, 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 +2,7% in October compared to October 2022.
Since January 2023, 8.585 light trucks have been registered compared with 8.071 the same period in 2022 (+6,4%). Vanettes represent the highest share in the market (47,3%) followed by Pick-ups with a market share of 27,3%.
In October 2023, Vanettes represent the highest share in the light commercial vehicle market 47,8%, followed by Pick-ups with a market share of 33,3%.
Light commercial vehicles market posted 914 registrations in October 2023 compared to 890 the year before (+2,7%).
Commercial Vehicles
(gross weight over 3.5 tons)
New: The commercial vehicle market in October was down by -50,0% compared to October 2022.
Since the beginning of the year, 625 units were registered as compared to 600 the year before, suggesting an increase of +4,2%.
In October 2023, 23 trucks were sold in total, compared with 46 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 decreased in October by -18,2%, as compared to October 2022.
During the first ten months of the year, 213 buses were registered compared with 174 the year before (+22,4%).
Regarding October 2023, 9 buses were registered compared to 11 buses in October 2022.
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