EU27 new car sales continue decline

The decline in new car registrations in Europe accelerated in June 2022, with volumes falling from 1,268,508 units in June 2021 to 1,054,807 units a year ago.

That was the worst June since 1993 with a 17% drop.

Felipe Munoz, global analyst at JATO Dynamics, said: “The working environment is becoming increasingly difficult and it is worrying that the few safe havens that previously existed in the industry are now also beginning to show signs of deterioration.”

SUVs and EVs, which have been the growth engines in recent months, are now declining. Last month, SUV registrations were down 7% year-on-year and 4% year-on-year (YTD). However, they still posted a record 49.5% market share.

In June 2022, a total of 215,000 electrified vehicles were registered, an 8% decrease from the 233,000 registered a year ago. This was the biggest ever drop for EVs since April 2020, when the worst of the pandemic hit the market. Of the total, pure electric cars accounted for 62%, while 38% were PHEVs.

The drop in demand for electric vehicles hit Tesla, Volkswagen, Renault, Audi, Skoda and Ford the most. While Tesla was particularly affected by the Covid-19-related shutdown of production at its plant in China, the Volkswagen group was forced to stop production of a number of electric and plug-in hybrid vehicles due to supply problems caused by the conflict. between Russia and Ukraine.

BMW, Mercedes, Peugeot, Kia, Fiat and Cupra, on the other hand, recorded growth.

Excluding brands with only BEV and PHEV models available, Jeep recorded the largest market share gain for its EV models in its own registrations, from 30% in June 2021 to 47% last month. It was followed by Jaguar, Mitsubishi, Lexus and Citroen.

Renault group and Chinese manufacturers among the big winners

However, the external environment does not affect all OEMs equally. In June, VW Group lost 26% in sales and 3 share points compared to June 2021, while Renault (including Renault, Dacia and Alpine) increased its market share from 10% in June 2021 to 12.1% last month. Renault’s volume remained stable at 127,200 units, down 16%, but still the third largest behind VW Group and Stellantis.

The Chinese brands, excluding Geely, posted a 93% increase in June to 13,800 vehicles, with more than 75% of this volume being MG cars, up 72%. These Chinese brands surpassed the registrations of Suzuki, JLR, Mazda and Honda in the same period.

The BMW, Ford and Geely groups recorded significant declines, mainly due to their lack of new cars. Likewise, this is why Tesla lost ground, with the brand posting an 11% drop to 22,900 units. However, total volume for H1 2022 increased by 27%.

Peugeot 208 leads and Tesla Model Y in top 10

There were also significant performance differences between the main models in June. While the Peugeot 208 strengthened its leading position and increased volume by 38%, others, such as the Volkswagen Golf, Toyota Yaris and Renault Clio, fell by 30% each.

Dacia performed relatively well, the Duster increased by 27% and the recently introduced Jogger registered 9,400 units. Tesla’s performance was hampered by its Model 3, which recorded a 76% drop. However, his Model Y made the top 10 with 16,700 units. Peugeot recorded a 149% increase with the 308, and Kia performed well with the relatively recently launched redesigned Sportage at 39% and the new EV6 registered 2,000 units.

Mercedes was stable with 56,400 units. The decrease in the A-Class (-19%), E-Class (-11%) and CLA (-22%) was offset by the 2% increase for the C-Class and very good results for the GLC, with 132%.

Moving on, the new Qashqai helped Nissan contain major losses for the rest of its range.

Seat’s Cupra brand once again shone with volume increasing 77% to 15,300 units. The Formentor was the third best-selling PHEV in Europe this month.

Other major performers included the Toyota Yaris Cross (sixth best selling B-SUV), the Renault Arkana (third best selling Renault), the VW Taigo (sixth best selling VW) and the MG HS (highest selling MG). Dacia increased the number of spring registrations by 58%; Ford Ecosport rose 52% and Hyundai Bayon 55%.

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