Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Cars: APIA: Alarming rise in used car imports...

Cars: APIA: Alarming rise in used car imports and decline in new electric car sales,wrong direction

December 23, 2024

 The alarming increase in imports of used cars and the decline in sales of new electric cars represent a wrong direction for Romania, claims the president of the Automobile Manufacturers and Importers Association (APIA), Dan Vardie, in a press release."The alarming increase in imports of used cars and the decline in sales of new electric cars represent a wrong direction for Romania. The dramatic drop of -33.6% in the BEV sector is a direct consequence of the sudden reduction in the value of subsidies offered through the Rabla Plus program, contrary to APIA recommendations, 2025 will be a crucial year, and the new political decision-makers must come up with quick and effective measures to support the transition towards sustainable mobility and to align the local car market with the European environmental objectives," mentioned Vardie.The analysis carried out by APIA, with the help of CarS - the only online reporting platform for the car market in Romania, which processes DGPCI registration data for new and used vehicles, highlights in the first ten months of this year, compared to the same period in 2023, an increase significant increase in used car registrations (+10.73%), which reached 282,352 units, representing 69% of the total car market in Romania. Within this margin, 65% of these vehicles are older than ten years.At the same time, new car registrations increased by 3.6% (125,400 units), and the segment of new electric vehicles registered a severe decline of 33.6%, compared to a more moderate decrease at European level, of only 4.9%.Against this background, the representatives of APIA propose to the future representatives of the authorities a series of measures to support the automotive industry and remedy the presented situation, namely: restoring the attractiveness of electric vehicles for consumers, by bringing the "Rabla" 2025 Program back on an efficient trajectory; the development of the public infrastructure for charging electric vehicles by establishing an Interministerial Commission to ensure the development of a coherent strategy for expanding the network of charging stations and speeding up the process; fair taxation policies by adjusting car taxes to support the decarbonisation of the sector, but without disproportionately penalizing certain consumer segments; consumer information and education campaigns to promote the benefits of adopting "green" means of transport and new technologies on health and safety in traffic.APIA is a non-profit organization, a representative entity in the automotive industry in Romania, founded in 1994, a member of the World Organization of Automobile Manufacturers - OICA, since 1996.  (Photo:https://www.facebook.com/apia.romania)

Read in full - click here
ASFAT, a producer of military vessels and defence systems, completes Türkiye’s first international sale of a combat ship built in the country to a NATO and EU member state

ASFAT, a wholly state-owned company operating under Türkiye’s Ministry of National Defence (MoND), has signed an agreement for the delivery of the light corvette Akhisar to the Romanian Naval Forces. This transaction represents a milestone for Türkiye’s defence industry, as it is the first international sale of a combat ship built in Türkiye to a […]

Romania reportedly clears 316 MW of wind power capacities under third CfD auction

Wind projects with a total capacity of almost 316 MW have been declared winners in the third auction under the Contracts for Difference (CfD) scheme, above the minimum threshold set by the Ministry of Energy, according to sources quoted by Economica.net.  The third auction was organised because of insufficient projects approved under...

Fitch affirms Romania's CEC Bank at BB with stable outlook

Fitch Ratings has affirmed the long-term Issuer Default Rating (IDR) of Romania-based, state-owned bank CEC Bank at BB/stable, its Viability Rating (VR) at bb, and Government Support Rating (GSR) at b, based on the bank's moderate, albeit strengthening, business profile, adequate capitalisation, and reasonable funding and liquidity. This puts the Romanian bank's rating two notches […]

Listing of Bucharest Airports Company at the Stock Exchange hindered by state's opposition

Romania's Ministry of Transport blocked a key procedural step required for the listing of Bucharest Airports Company on the Stock Exchange (BVB) after opposing an item on the shareholders' agenda concerning the resumption of the auditor selection process. The vote took place at the end of November, following a request by Fondul Proprietatea, which holds […]

Romania invests EUR 38 mln in lab-quality optical equipment factory

Romania has begun work on a specialised production facility in Măgurele, near Bucharest, that will manufacture laboratory-grade mirrors and lenses, including components for the world’s most powerful laser hosted at the adjacent research centre, Digi24 reported. The...

Romania’s Treasury seeks to cut borrowing costs paid on primary retail market

The Treasury set a coupon of 6.55% for the 2-year state bonds on sale in the primary retail market in December, 40 basis points from 6.95% paid in November, and 65 basis points lower compared to October. The coupons for the other maturities have decreased accordingly to 7.1% for the 4-year maturity (-25 bp from […]