European car market enjoys best July since 2007
- 28/08/2019
- Posted by: Alan Feldberg
- Category: News
The European car market saw registrations rise to 1,325,600 in July, making it the best July since 2007. The sales figure marks a 1.2% rise, which follows a 7.9% fall in June.
Registrations of BEV, PHEV, HEV and other electric vehicles totalled 96,600 units in July – as demand increased by 29% from July 2018. The fuel type also saw a market share increase from 5.8% to 7.4%. The increase in EV’s market share came as a result of the outstanding performance of pure electric cars (BEVs), where volume was up by a huge 98% to 23,200 units.
Hybrid vehicles also performed well in July, as demand increased by 27% to 56,800 units. Consumers bought 505,900 SUVs in July, as demand increased by 8.7%.
The growth seen in July was driven by the midsize and small markets, as 14 of the 27 countries.
Felipe Munoz, JATO’s global analyst, said, ‘There is uncertainty in Europe. After many years of growth, the market shows signs of deceleration that is likely to continue if the German economy fails to grow again.’
