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Q1 2021 worst for EU26 in over 40 years | Automotive Business Information
Final month, new automobile registrations elevated by 63% in Europe in contrast with March 2020, when the COVID-19 pandemic hit.
In accordance with JATO Dynamics information for 26 markets throughout the area, quantity rose from 842,094 to 1,374,313 models bringing the Q1 tally to three,045,703, a rise of 1%. Regardless of this enhance, Q1 2021 recorded the bottom complete quantity of latest automobile registrations for a primary quarter since 1986, excluding the diastrous pandemic affected 2020.
Regardless of indicators of restoration, the trade continues to be dealing with a number of challenges, together with the financial fallout of the pandemic, ongoing lockdown restrictions, lack of shopper confidence and lack of laptop chips.
Registrations fell by 22% final month in comparison with March 2019, the bottom complete quantity of latest vehicles registered since March 2013, when quantity
totaled simply 1,337,588 models.
Felipe Munoz, world analyst at JATO Dynamics, stated: “The European automobile market continues to be a method off from reaching pre-pandemic volumes, and governments should take additional motion to assist enhance gross sales and restore shopper confidence.”
EVs and SUVs continued to be the primary drivers of progress for the market. EVs posted a file market share of 16% in March 2021, in comparison with 9.7% in March 2020, and simply 3.4% in March 2019. Munoz added: “Shoppers are reacting positively to extra in depth and aggressive EV choices. Nevertheless, as these automobiles are sometimes extra costly than ICE fashions, the optimistic impression has not but offset the massive drops seen throughout conventional high-emissions gasoline varieties.”
The market share of SUVs additionally continued to develop year-on-year, from 37% in March 2019, to 40% in March 2020, and 45% in March 2021 with notable traction in Sweden, Norway, Slovenia and Hungary, the place they gained greater than 10 factors of share between March 2020 and 2021. Munoz continued: “The success of EVs and SUVs is an efficient indicator shopper demand will quickly be centered in direction of upcoming electrical SUV fashions, which will probably be a key driver of progress for the trade.”
In March 2021, diesel vehicles recorded their lowest market share to this point at simply 24%. With the European Fee persevering with to introduce harder CO2 rules, the shift away from diesel and different high-emissions gasoline varieties is prone to proceed.
Within the European mannequin rankings, the Volkswagen Golf reclaimed its place because the most registered automobile in Europe with 26,265 models, up by 12% in March 2021. The electrified variations (PHEV and MHEV) contributed to this progress, particularly in Germany, the place they accounted for 36% of the mannequin’s quantity. The Golf outsold the Q1 winner Peugeot 208 by 836 models with nearly 61,000 models. The Opel/Vauxhall Corsa additionally carried out properly, comfortably outselling the Renault Clio and Volkswagen Polo which has simply been given a mid life facelift. The Tesla Mannequin 3 was fourth within the mannequin rankings final month, and confirmed its place as the highest promoting BEV mannequin within the European rankings in each March and Q1. The Mannequin 3 additionally topped BEV rankings within the UK, France, Norway, Italy, Austria, Sweden, Switzerland, Netherlands, Denmark, Portugal, Poland, Greece, Slovenia, Croatia and Germany, forward
of the Volkswagen ID.3. One other non-European mannequin which posted sturdy outcomes was the Hyundai Kona, because the second most registered BEV in March 2021.
Among the many newest launches, Citroen registered 5,671 models of the C4, and the Opel Mokka took off with 5,560 models. Volkswagen registered 4,897 models and 4,817 models of the ID.3 and ID.4 respectively.