How finance trends are reshaping the European new car market
The automotive finance landscape in 2024 is undergoing significant changes, with consumers opting for ever more flexible payment solutions and showing a renewed interest in hybrid and ICE vehicles. This report dives deep into the key market dynamics, including the continuous rise in monthly instalments, the plateauing of BEV sales, and the demand for hybrids and ICE vehicles across key European markets.
Understand major shifts in automotive finance across Europe.
With car prices rising and BEV sales plateauing, find out how consumer preferences and flexible financing options are reshaping the landscape in 2024 with a focus on:
- Rising monthly instalments: Significant increases in car finance payments, especially in Italy, Belgium, and the Netherlands.
- Shift in vehicle demand: A clear shift towards hybrids and ICE vehicles as BEV sales begin to plateau.
- Premium vs. volume brands: Premium brands see rising instalments, while volume brands maintain stability and competitive pricing.