May EU sales volume not yet at pre-pandemic level

Previous month, the European new vehicle industry saw an improve in overall quantity of 73%  compared with COVID-19-hit May possibly 2020.

According to data from JATO Dynamics for 26 European marketplaces, quantity totaled one,073,987 units, getting the calendar year-to-day overall to five,one hundred fifty,831 units. Regardless of this improve, quantity was 25% lower than May possibly 2019 as the industry ongoing to really feel the effects of the pandemic.

Felipe Munoz, global analyst, mentioned: “The data is encouraging but the industry is recovering slower than quite a few had hoped. Economic uncertainty and a deficiency of shopper self confidence are limiting development at a time when the business is also shifting away from classic powertrains and adapting to stringent CO2 emissions regulations.”

The functionality of Volkswagen Group in securing the second highest month to month industry share due to the fact 2001 is spectacular when taking into consideration the troubles presently faced by the business. The German manufacturer’s share totaled 28.14% throughout May possibly, second only to April 2020 when it secured 29.23% as rival’s product sales were being tougher hit by the onset of the pandemic in Europe.

The optimistic outcomes in May possibly were being thanks to solid functionality from makes these as Audi, Skoda, Seat, and Cupra. Total product sales were being boosted by rising shopper demand from customers for EVs and SUVs – with Volkswagen Group now top in Europe across equally segments.

VW’s functionality previous month demonstrates the value of identifying key motorists of development and adapting product sales strategy at the appropriate second, in buy to meet emerging shopper demand from customers. Despite the fact that Europe is a mature industry, EVs and SUVs are key segments that nonetheless demonstrate appreciable development prospective. “As with the diesel scandal in 2015, Volkswagen Group is again ready to defeat the crisis and arise stronger”, Munoz mentioned.

EVs posted a record share of registrations in May possibly – with sixteen% – whilst SUVs designed up pretty much 45% of the overall quantity. Munoz included: “It has come to be crystal clear that acquiring the appropriate presenting across equally of these segments will be vital to the achievements of OEMs over the coming decades.”

Registrations of pure electrical cars and plug-in hybrids totaled 171,415 units, up by 279% compared with May possibly 2020. BEV quantity totaled eighty three,seven hundred (+261%), and PHEVs totaled 87,seven hundred (+299%). The industry share for SUVs jumped from forty.2% in May possibly 2020 to forty four.6% previous month. In May possibly 2018, SUVs accounted for 34% of the industry.

The Volkswagen Golf led the model ranking, whilst the Volkswagen T-Roc was the most registered SUV. The Tesla Model three topped the BEV ranking, and the Ford Kuga was the most common PHEV throughout the month. Other solid performers consist of the Fiat 500, which came 3rd in the general rankings, the Peugeot 2008 which saw an improve in product sales of 2% compared with May possibly 2019, and the Ford Puma which took 12th placement.

The following versions posted double-digit development compared with May possibly 2019: Hyundai Tucson, Volkswagen T-Cross, Volvo XC40, Mini Hatch, Hyundai Kona, Tesla Model three, Kia Niro, Fiat Ducato, Renault Zoe, BMW four-Collection, Skoda Scala, BMW 2-Collection, Honda Jazz, Volkswagen Arteon, Nissan Leaf, Citroen Jumper, Audi e-tron, MG ZS, Kia Sorento, Kia Progress, Volkswagen California, Mercedes Sprinter, Hyundai Santa Fe, BMW X6 and Jeep Wrangler, amid some others.