Grounds for optimism after new car sales spike in December

This December, new car registrations in the EU rose by 5% year-on-year, Spain leading the way with an impressive 29% growth. Although Germany and Italy experienced modest declines, the overall performance stabilized annual EU car registrations, which grew by 0.8% in 2024 after a record-high growth in 2023.

Steady growth expected for year ahead

As 2025 begins, global car sales are expected to remain steady, supported by improving trends in key markets. While a full order book of new vessels may impact freight rates, this normalization provides an opportunity for the market to balance supply and demand, buildingthe way for sustainable growth in the PCTC segment.