68 BMW Group Report 2024 To Our Stakeholders Combined Management Report Group Financial Statements Responsibility Statement and Auditor’s Report Remuneration Report Other Information Financial Performance International automobile markets up slightly International automobile markets performed well in 2024 and grew by 3.3% overall. Worldwide, the number of new registra- tions went up to 79.7 million vehicles. However, market dynam- ics varied across regions. In China, growth in the automobile sec- tor was primarily driven by local providers in the entry-level seg- ment. Key automobile markets developed as follows during the report- ing period: International automobile markets Change compared to previous year in % Europe + 1.1 thereof Germany – 1.0 thereof France – 3.2 thereof Italy – 0.8 thereof Spain + 8.5 thereof UK + 2.6 USA + 2.5 China + 4.6 Japan – 6.9 South Korea – 4.2 Total + 3.3 International motorcycle markets (500 cc plus) record growth In 2024, international motorcycle markets in the 500 cc plus class developed positively year on year (+8.3%). European mar- kets recorded a significant overall growth of 11.7%. Among the major motorcycle markets, Germany (+18.4%) and Spain (+18.1%) made strong contributions to this performance. Italy also recorded a significant increase of 12.7% year on year. The US market grew by 0.8% compared to the previous year. The Chinese motorcycle market saw a significant contraction (–10.6%). In Brazil, motorcycle registrations were up sharply, with year-on-year increase of 12.7%. Registration figures for in- ternational motorcycle markets developed as follows in the re- porting year 2024: International motorcycle markets Change compared to previous year in % Europe + 11.7 thereof Germany + 18.4 thereof France + 1.7 thereof Italy + 12.7 thereof Spain + 18.1 Americas + 5.8 thereof USA + 0.8 thereof Brazil + 12.7 Asia + 1.4 thereof China – 10.6 Total + 8.3