CMI Pack June 2024

The car parc dynamics reveal an aging parc, ICE still dominates and BEV volume is growing ​

Age category ​

Average age ​

Car parc size​

• 33.43 million in 2023 (+0.7% yoy growth)​ • Estimated to be 34.53 million by 2027 • (+3.3%. growth on 2024).

• Average car parc is currently 9.2 years • (+0.2 years yoy and increase compared to 2022)​ • Estimated average car age to be between 9.5 and 9.7 years by 2027​.

• Currently, 39%of the car parc is 10 years or older. By 2027, this is expected to be between 44% and 46%​ • Whilst, 26%of the car parc is 4 years or younger. By 2027, this is expected to be between 26% and 29%​.

Petrol

Diesel

BEV

• Average age of the petrol car parc is currently 9.5 years ​ • Estimated to reach 10.7 years by 2027.

• Average age of the diesel car parc is currently 10.4 years • Estimated to reach 12.4 years by 2027.

• Currently, 1 million electric cars​ • Forecast to triple reaching 3.3 million BEV car by 2027​ • Current average age of 2.6 years and anticipated to remain broadly stable into 2027.

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