Volkswagen Group quantity progress helps drive European new market

The European new automobile market grew by 14% in October, registering 903,533 new autos.

In accordance with Jato Dynamics, this enhance is partly defined by the robust efficiency of Volkswagen Group. The German producer registered 230,115 items – a quantity progress of 40% primarily pushed by Audi, Skoda and Cupra.

Nevertheless, it’s considerably decrease as in comparison with 281,700 items registered in October 2020 and 302,000 (estimated) items registered in October 2019.

Toyota additionally fared effectively with gross sales up 47%, enhancing on 2019 and 2020 outcomes, because of the success of its newest launches.

Ford registered a 35% enhance in registrations, because of the Puma and Fiesta, however was unable to match the volumes of 77,600 and 60,600 items from 2019 and 2020, respectively.

EVs (BEV and PHEV) make up 23% of the full quantity.

Regardless of a quantity enhance of 15%, JATO identified that the market share of those autos remained the identical as of October 2021.

BEV registrations totaled 119,600 items, up 15%, whereas PHEV registrations elevated to 88,200 items, up 13%.

12 months-on-year, BEV demand grew by 24% to succeed in 1,103,055 items.

Volkswagen led the market in October with a 12.7% market share – a determine that rose to 25% with the inclusion of different manufacturers beneath the Volkswagen Group umbrella.

Renault because of the success of the Megane E-Tech, whereas the Zoe’s demand has declined.

BMW’s volumes soared 111% with progress pushed by the i4 and iX, making it the third hottest EV model with a 7.1% market share.

Supply hyperlink