Car market continues to decline in November
Published: Wednesday, Dec 4th 2024, 17:40
Back to Live Feed
Sales figures in the Swiss car market fell for the seventh month in a row in November. A total of 19,698 new cars were registered in Switzerland and the Principality of Liechtenstein. This is 10.5 percent less than in the same month last year.
According to the industry association Auto Schweiz, the number of new car registrations after eleven months is 214,181 vehicles, 4.9 percent down on the previous year. The association attributes the decline to the difficult conditions.
"2024 was and is a difficult year for the Swiss automotive industry," Association Director Thomas Rücker is quoted as saying in the press release. According to Rücker, rising costs and crises around the world have led to consumers being frugal and not buying new cars at the moment. "The uncertainty surrounding the choice of drive system for a potential new vehicle represents a further hurdle when buying a car."
Full and mild hybrids in demand
Registrations of new cars with full or mild hybrid engines increased by 17% in November. As a result, this car class now has a market share of 37 percent. A year ago, these hybrids accounted for 28 percent of all new registrations. Meanwhile, the share of plug-in hybrids is at 8 percent.
According to the figures, purely electric cars account for 21 percent of all new registrations. Overall, the proportion of alternative drive systems is now two thirds, while cars with petrol and diesel engines account for a good quarter.
©Keystone/SDA
English 
German 
French 
Spanish 
Arabic