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The decline of the European new car market has continued throughout February. According to JATO Dynamics data, 1,063,264 units were registered last month, compared to 1,143,852 in February 2019.
Electrified vehicles provided the only driver of growth for the market in January. They posted a record in volume and market share due to increasing incentives for consumers, greater awareness about the benefits of electrified vehicles, and the growing concern about diesel and petrol cars.
The combination of fewer diesel registrations and more SUVs continued to have an impact on emissions.
The turbulent times that hit the global auto industry in 2019 were not enough to damage the demand of new cars in Europe. In contrast to China and USA, where sales fell by 8% and 2% respectively, the volume increased by 1.1% for the passenger car market in Europe-27.
December was another unpredictable month for European new car registrations. Total volume grew by 21% to 1,258,412 units, the highest level ever recorded for the month of December. Tesla Model 3 drives EV market growth and outshines competitors by becoming the third best-selling model
Despite price increases, consumers are willing to pay more if the offer is in appealing sub-sectors- such as trucks and SUVs – and continue to be upgraded with new applications and accessories
The European car market posted significant growth in September 2019, as 1.28 million cars were registered. Tesla recorded 19,500 registrations and controlled almost half of the BEV market, as it was boosted by the Model 3.
As expected, new car registrations in Europe fell in August 2019 in comparison to the same month last year. However, the results are not as bad as they seem.
Despite continuing economic uncertainty and diminishing consumer confidence, the European car market registered growth in July 2019, as registrations were up by 1.2% to 1,325,600 units.
The poor conditions of the wider market are finally impacting SUVs. Demand may be peaking after many years of growth
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