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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.
In 2019, 49.5% of all new vehicle sales were either SUV or MPVs, an increase of 1.55 percentage points when compared to 2018.
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
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