MENU
SEARCHEVs eclipse 20% share of market for the first time.
Standing out in particular were Germany’s new-vehicle registrations, which jumped more than 37%, and France’s, up more than 24%.
IMAGE: Pexels/Alex Azabache
New-vehicle sales had a robust August in the European Union, registrations up 21% to more than 787,000 units.
Delivery increases extended to a 13th straight month, according to European Automobile Manufacturers’ Association, or ACEA, a group of the 14 biggest Europe-based vehicle makers.
Battery-electric models surpassed 20% of new registrations for the first time at 21%, ACEA reported, as the region continued its transition from gas-powered engines at a much faster pace than the U.S. market. BEV registrations surged 118% and 63% year-to-date, ACEA said.
August, typically high vacation season for many Europeans, tends to be a slower month for car sales, but last month proved different. ACEA credited that to improved supplies as the EU recovers from pandemic-era constraints.
In fact, Germany’s new-vehicle registrations jumped more than 37%, France’s more than 24%.
Year-to-date registrations in the EU are up 18% to 7.1 million, ACEA reports, pointing out that they’re still off the 9 million in 2019, the last full year before the pandemic.
Originally posted on Auto Dealer Today
Recent survey data shows that the overall demand for auto loans is down, but the demand for subprime loans is up as consumers face economic uncertainty and affordability pressures.
Read More →
The Mitsubishi location moves from one Texas automotive group to another, continuing this year’s spate of brisk buy-sell activity.
Read More →
As part of its 2030 business plan, Mitsubishi's North America arm will soon open its first 'gallery' store in Tennessee, where customers can learn about the brand, vehicles and technology.
Read More →
Just weeks before President Trump is set to meet with the Chinese president, two U.S. senators proposed a bill with the aim of protecting Americans’ data.
Read More →
A study of Q1 used-vehicle sales shows many consumers are looking to minimize fuel costs but aren’t willing to go all electric and no longer have a tax break incentive to do so.
Read More →
A recent study suggests expectant parents are feeling the burden of bad credit more than other demographics when it comes to buying a new car.
Read More →
Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
Read More →
A cloudy April forecast was expected due to last April’s sales surge in anticipation of U.S. trade tariff-inflated prices. Meanwhile, automakers pumped up incentives to address today’s consumer wallet woes.
Read More →
EREVs, also known as ‘series hybrids,’ may catch on in the U.S., where they currently have barely a toehold, as automakers tilt away from some purely electric models and consumers crave more range.
Read More →
A recent price spike due to several larger market forces, though it hasn’t dulled demand, is pushing more consumers to efficient models to squeeze in buys.
Read More →