The car market closes 2023 on a positive note with +19% overall growth
The automotive sector concludes the year 2023 with a growth of 19%, recording the registration of 1,566,448 new vehicles, a significant increase of approximately 250,000 units compared to 2022. However, we are still behind by more than 350,000 vehicles (-18, 3%) compared to 2019 . In December 2023, the positive trend contributed to the annual result with a growth of 5.9% compared to December 2022, with 111,136 registrations, although there was a decrease of 20.9% compared to December 2019.
Automotive sector: data and trends for 2023
Despite positive global growth, the month of December 2023 still showed a slowdown compared to previous months and also to December 2022, where growth of 21% was recorded. Regarding the transition towards sustainable energy, 2023 did not meet expected and hoped for expectations, while petrol cars recorded a growth of 22.6% in terms of volumes and a share of 28.3%. Diesel vehicles also saw an increase of 6.2 percent, but their share fell to 17.8 percent. Finally, LPG cars closed 2023 with growth of 21.1% and a share of 9%, in line with 2022. Traditional hybrids gained 2.1 percentage points and reached a share of 36.2 %, with 10.0% of full hybrid cars (+30.5%) and 26.2% of mild hybrid cars (+25.0%). Electric cars (+34.5%), as anticipated, closed 2023 with a share of 4.2%, half a percentage point more than in 2022, while plug-in hybrids (+3.3%) are fell to 4.4%, recording a decline of 0.7 percentage points compared to the previous year.
The best cars to invest in now
As already mentioned, the growth recorded in the green car segment has not reached the hoped-for numbers, despite these cars currently being the most logical investment. To date, among the best cars to buy we undoubtedly find hybrid cars which offer numerous advantages . By combining an internal combustion engine with an electric motor, these cars offer a compromise between efficiency and range. Hybrid cars are particularly suitable for long journeys and can offer significant fuel savings. Additionally, many hybrid cars are equipped with advanced energy-saving technologies, such as energy recovery during braking.
Another type of car to consider are electric cars which, with the increase in interest in environmental sustainability, are slowly gaining ground in Italy too. Advances in battery technology have increased range and reduced charging times, making electric cars a practical option for more and more people. Furthermore, electric cars often benefit from tax breaks and financial incentives, which can represent a significant economic advantage.
Finally, a third interesting sector is that of connected and autonomous cars. With the advent of IoT technology and artificial intelligence, cars are becoming increasingly integrated with the digital world. Connected cars can offer a range of services and features, such as advanced navigation, driver assistance and connectivity with mobile devices. Meanwhile, autonomous cars are becoming an ever closer reality, with automotive and technology companies investing in this revolutionary technology.
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The article The car market closes 2023 on a positive note with +19% overall growth comes from Economic Scenarios .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/il-mercato-delle-auto-chiude-in-positivo-il-2023-con-19-di-crescita-complessiva/ on Mon, 15 Jan 2024 08:39:15 +0000.