Market News
The Greek automotive market (March 2024)
Passenger cars
New: The new passenger car market was down by -6,2% in March compared to the same period in 2023.
In the first three months of 2024, 36.668 new passenger cars have been registered compared to 33.772 the year before (+8,6%).
Passenger car market in March 2024 posted 12.465 registrations compared to 13.284 the year before. Petrol passenger car registrations reached 5.195 units (41,7%), followed by 4.501 hybrids (36,1%), 1.009 diesel cars (8,1%),682 plug-in hybrid (5,5%),549 electrical ones (4,4%), and 18 CNG-powered cars (0,1%). 61,4% 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 -28,0% in March compared to March 2023.
Since January 2024, 2.494 light trucks have been registered compared with 2.875 the same period in 2023 (-13,3%). Pick-ups represent the highest share in the market (43,5%) followed by Vanettes with a market share of 35,0%.
Pick-ups represent the highest share in the light commercial vehicle market (39,6%), followed by Vanettes with a market share of 39,4%.
Light commercial vehicles market posted 754 registrations in March 2024 compared to 1.047 the year before (-28,0%).
Commercial Vehicles
(gross weight over 3.5 tons)
New: The commercial vehicle market was down by -43,1% compared to March 2023.
Since the beginning of the year, 388 units were registered as compared to 189 the year before, suggesting an increase of +105,3%.
In March 2024, 41 trucks were sold in total, compared with 72 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 March by +35,7%, as compared to March 2023.
During the first three months of the year, 89 buses were registered compared with 63 the year before (+41,3%).
Regarding March 2024, 19 buses were registered compared to 14 buses in March 2023.
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