FX.co ★ Car Registrations in Netherlands Show Slight Improvement in June 2024

The Dutch automotive market saw a modest improvement in car registrations in June 2024, according to the latest data released on July 18, 2024. Registrations improved to -11.9% year-over-year, up from -13.9% in May 2024.

This minor uptick comes as a slight relief for the industry, which has been grappling with consecutive declines. The figures suggest a gradual recovery, though the sector remains in a year-over-year decline. In May 2024, car registrations had experienced a severe drop of -13.9% compared to May 2023.

The June 2024 figures, while still in the negative, indicate a narrowing of this gap to -11.9% year-over-year. This marks the end of a particularly tough period for the Dutch car market and hints at the potential for gradual stabilization in the coming months.