BRUSSELS / LONDON (IT BOLTWISE) – The car market in the European Union showed growth again in October, with new registrations increasing by 5.8 percent compared to the previous year. Despite this positive development, the level of the pre-Corona period remains unmatched. The decline at Tesla is particularly notable, as sales fell by 48 percent compared to the previous year.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The European car market showed positive developments in October, as new car registrations in the European Union rose by 5.8 percent compared to the previous year. A total of 916,609 vehicles were newly registered, indicating a recovery in the market. Nevertheless, the level of the pre-Corona period remains unmatched, which underlines the challenges facing the industry.
A notable trend is the increase in the share of purely electric cars, which rose from 13.2 to 16.4 percent in the first ten months of the year. This shows consumers’ increasing interest in more environmentally friendly vehicles. At the same time, the electric car pioneer Tesla is recording a significant decline in its new registrations in the EU. Only 5,647 Tesla vehicles were newly registered in October, a decline of 48 percent compared to the previous year.
The Volkswagen Group remains the undisputed market leader in the EU, with new registrations of its brands increasing by 7.9 percent in October. However, within the group, Porsche recorded a decline of 28 percent. Other German manufacturers such as BMW and Mercedes-Benz were also able to increase their registration numbers, with BMW increasing by 8.7 percent and Mercedes-Benz by 2.0 percent.
The Stellantis Group, which includes brands such as Peugeot, Citroen, Fiat and Opel, also recorded an increase of 6.6 percent. These developments show that the European car market is well on its way to recovery and growth, despite the challenges posed by the pandemic and economic uncertainties. The increasing acceptance of electric vehicles could play a key role in this.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ «KI Gadgets»
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “EU car market continues to grow, Tesla is losing ground”.