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Total new car sales in Europe drop 2% in July; SUV sales up 12.5%

Green Car Congress

While Spain, Italy and the UK all posted modest growth in July, this could not fully compensate for the declines seen in France and Germany. As Europe’s largest carmaker, the double-digit fall in VW Group’s monthly sales also had an impact. to 108,769 units and sales in Italy were up 2.6% Spain grew 4.4% to 137,368 units.

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JATO: Euro car market drops 7.9% in June; SUV demand slows; Tesla posts highest market share gain

Green Car Congress

Although it was still the third highest month ever for sales in the segment (behind March 2018 and March 2019), there are two factors that explain the limited growth. Most of the slowdown in the SUV segment in June came from premium SUVs, where demand fell by 5% as a result of double-digit drops at Mercedes, Volvo and Land Rover.

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JATO: electrified vehicles 13% of new car reg in Europe in January 2020; electrified vehicles only growth-driver

Green Car Congress

Among the big markets, electrified vehicles counted for almost 19% in France, 14% in the UK, 12% in Spain, 10% in Germany and 8% in Italy. By brand, these cars represented an important part of the volume registered by Smart (96%), Lexus and Toyota (95% and 66% respectively), DS (42%), Suzuki (41%) and Land Rover (37%).

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Euro Big 5 auto markets up 8.6% in April, SUVs continue to dominate; shift in segment shares

Green Car Congress

Led by strong growth in Spain and Italy, new car registrations in Europe’s Big 5 markets grew by 8.6% However, the largest growth figures were recorded in Italy and Spain, where April’s volumes grew by 12.3% While Germany, France and the UK are reaching their sales peak, further growth is expected in Italy and Spain.

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ACEA study finds cost still strong deterrent for EV uptake across Europe; calls for “realistic” targets recognizing affordability

Green Car Congress

Besides affordability, the report identified a balanced supply of charging and refueling infrastructure as a pre-requisite for stronger sales of alternatively-powered vehicles across the EU. The Commission has proposed a ‘benchmark’ for the sales of full battery-electric cars at the level of 15% by 2025, and 30% by 2030.

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Europe’s Most Financed Luxury Car Brand

EV Info

Latest research from Specialist Car Finance Experts, Forza Finance , has revealed that BMW is the most popular luxury car brand to finance in 16 of Europe’s 44 countries including the UK & Ireland based on finance rather than sales or units. This help to show that BMW is more of a bank than a car company.