Demand for SUVs appeared to stall across Europe during June as the region suffered a 7.9% overall decline in registrations, Jato Dynamics has reported.
Europe’s highest volume of May new car registrations since 2007 helped to maintain a degree of stability in the market last month – with a sales increase 0.2% across the month.
Europe’s new car registrations in April matched 2018’s record high for the month as petrol and electric vehicles (EVs) mitigated the effects of declining demand for diesel.
Electric vehicle (EV) sales rose by 85% across Europe as the region suffered its seventh consecutive month of declining car sales.
Europe experienced its fifth consecutive month of new car sales decline during January, but still managed to register the month’s highest volumes for a decade.
The UK market suffered Europe’s largest decline in registrations during a year in which the region delivered its highest new car registrations total since 2007.
PSA Group overtook the Volkswagen Group as Europe’s best-selling car brand as the effects of WLTP’s implementation resulted in the region’s biggest monthly registrations decline in a decade during September.
New car sales across Europe delivered their highest monthly total for July since 2009 as 1.31 million vehicles hit the roads of the region last month – a 10% increase of year-on-year.
The European new car market saw growth of 2.7% to 8.66 million units, despite the UK recording the biggest slow down in registrations across the continent in the first half of 2018.
The UK was once again able to contribute to new car registrations growth in the European market as the region saw volumes rise by 9% overall.
Europe’s continued growth in new car registrations “could become dependent on a select few markets” after 13 of the region’s 27 markets register sales declines, Jato Dynamics has revealed.
New car registrations have reached their highest level since 2008 as a result of double-digit growth in key markets such as Germany, Spain, the Netherlands, Belgium and Poland.
The strength of Europe’s car retail revival was enough to override the UK’s decline as registrations across the region rose by 3.1% to 15.6m units during 2017.
A surge in the popularity of SUVs has been credited for a 5.2% rise in registrations across Europe as the sector claimed almost one-third of all new car sales during November.
European car registrations were said to have demonstrated ‘resilience’ with 5.6% rise in October on the back of a 2.2% decline the previous month.
European car registrations suffered a 2.2% decline in September with Jato Dynamics partly blaming “Brexit uncertainty” for the faltering market.
New car registrations grew by 5.4% across Europe during August 2017 as the UK suffered a 6.4% fall for the same period, according to figures published by Jato Dynamics.
The UK was the only market from the big five in Europe to see a decline in new car registrations over the first half of this year.
European new car registrations contrasted those in the UK with an overall rise of 7.5% during May.
European car registrations fell by 7.1% in April as diesel continued to lose popularity among consumers, according to reports by Jato Dynamics.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
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