In October, the number of new car registrations in Europe increased by only 0.1%. compared to the previous year, up to 1.04 million piecesthe European Automobile Manufacturers Association reported on Thursday.
Car sales stagnation in Europe. Registrations increased by 0.1%. in October / Bloomberg
German brands on the plus side
Declines in France, Italy and the UK largely offset gains in Germany, the region’s largest car market.
Volkswagenwhich is in negotiations with trade unions for widespread cost-cutting in Germany, in October recorded an annual registration increase of 13%.. Other German brands also saw sales growth. Mercedes sold by 2.8% in October. more cars than last year. In the same period BMW increased sales by 0.8%.
Meanwhile, sales Stellantis fell by 17 percent and Renault by 0.4 percent.
Car sales numbers in Europe / Bloomberg
Without support, sales of electric cars decline
Last month, sales of electric vehicles in Europe increased by 6.9%.. However, in the long run (this year), sales of electric cars are in the red. The decline in demand for purely electric cars is mainly the result of restrictions on government support for the purchase of electric vehicles.
The only bright spot on the map of Europe is Great Britain, where registrations of electric cars increased by 24%. in October. The increase in sales of electric cars in the British Isles is the result of significant discounts offered by manufacturers to meet the government’s requirement to sell zero-emission vehicles.
In Germanywhere Chancellor Olaf Scholz’s government withdrew subsidies at the end of last year, sales of electric vehicles decreased by 4.9%. in October and dropped by more than a quarter after the first ten months of this year.
