Europe: car sales fall, but Chinese brands grow

Europe: car sales fall, but Chinese brands grow

The European market of cars It is going through a serious crisis. The fall in sales of traditional vehicle brands occurs at a time where Chinese brands do not stop growing. This is threatening the situation of many factories. Volkswagen’s case, and GermanyIt is just an example.

The patents of cars and SUVs in the Old Continent have closed the month of January with a total of 831,201 commercial operations, which translates into a 3%drop, compared to the 853,249 that were recorded in the same month of the previous year.

This is reflected in the data published by the Association of European Builders of the Automobile (ACEA).

Sales decreased by three of the four large car markets in the European Union, with France (-6.2%; 114,673 units) at the head, followed by Italy (-5.8%; 133,731 units) and Germany (-2.8%; 207,640 units).

Spain is the only big market on the growing list. The records have had an increase of 5.3% in January, after closing 72,322 commercial operations in the first month of the year.

On the other hand, the consulting firm Jato Dynamics stressed that the performance of both Model 3 and Model and shows the least popularity of Tesla In Europe in general

On the other hand, sales of Chinese car brands reached 37,134 vehicles in January, this is 52% more compared to the same month last year, but those of Tesla registered a 45% year -on -year drop, registering only 9,913 units.

The quota of the brands from the Asian giant grew from 2.4% in January 2024 to 3.7% at the end of last month, according to the data that the company collects from 28 European markets.

Jato Dynamics said that although Chinese car brands do not dominate the European market, their volume combined in January would have placed them in the twelfth position in terms of brand classifications for the month. This would have put them ahead of brands established as Ford, which registered 35,790 units.

The segment that has promoted the growth of Chinese brands has been that of non -plug -in hybrid models (HEV), he explains.

The imposition of tariffs on Chinese battery vehicles (BEV) by the European Commission has caused some Chinese car manufacturers to focus their efforts on other propulsion systems, including hybrids, to overcome them, the company points out.

Source: Ambito

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