EU Car Market Falls 3.9% in January After Six Months of Highs

After six months of growth, new vehicle registrations in the European Union (EU) decreased by 3.9% in January compared to the same period of the previous year, reveals this Tuesday, 24th, the Association of European Automobile Manufacturers (ACEA).

Buyers’ preference remained for non-rechargeable hybrids, which represented 39% of monthly registrations.

Battery electric vehicles increased sales by 24% year on year, while plug‑in hybrids recorded growth of 29%. Vehicles powered by gasoline or diesel fell by 28% and now constitute just 30% of the market.

In terms of manufacturers, the Volkswagen group leads with a 28% share, despite a 4% decline in registrations. Stellantis comes in second place (18%), benefiting from a strong performance by Fiat (+31%) and an overall increase of 9% in the group’s sales.

Renault, Toyota and Hyundai showed double-digit drops (−17%, −14% and −15%, respectively).

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