Money Buzz! Europa

Tag: new cars

  • Europeans have postponed their plans to buy a new car due to Covid-19

    Europeans have postponed their plans to buy a new car due to Covid-19

    Europeans have postponed their plans to buy a new car and their interest in engines with alternative propulsion systems is temporarily declining, Deloitte reports.

    Among the European countries, Italy has the highest percentage of those who postponed the purchase of a new car due to the pandemic (32%), followed by Spain (29%), UK (20%) and France (17%).

    Regarding the preferred type of engine, in Italy, a country leader in Europe last year in terms of interest in cars equipped with alternative powertrain technology (electric or hybrid), the percentage increased from 58% to 61% this year.

    Spain is in a similar situation (62% prefer alternative systems and 34% the classic ones).

    In contrast, in Germany, the interest in clean cars has fallen from 51% in 2020 to 41% in 2021.

    In other European countries, too, consumers’ preference now leans more towards cars with conventional engines – Belgium (61%), Austria (58%), United Kingdom (54%).

    When considering buying a new car, consumers put safety first

    Thus, Belgians, Germans an Austrians are the first who want to be equipped with a blind spot alert system (71%, 65% and 66% respectively)

    Meanwhile Spanish, Italians and French are more interested in the automatic emergency braking system (84%, 83%, and 76%, respectively).

  • EU new cars market: Hybrids at a 12.4% market share in Q3 2020

    EU new cars market: Hybrids at a 12.4% market share in Q3 2020

    In the third quarter of 2020, almost one in 10 passenger cars sold in the EU was an electrically-chargeable vehicle (9.9%), compared to 3.0% during the same period last year.

    During the third quarter, cars powered by conventional internal combustion engines lost further ground, with their overall market share going down from 88.6% in July-September 2019 to 75.4% this year.

    Diesel cars accounted for 27.8% of total passenger car sales in the European Union, with registrations falling by 13.7% to 766,146 units.

    Petrol sales posted an even stronger drop (-24.3%), going from over 1.7 million units last year to 1.3 million units in the third quarter of 2020.

    This represents a market share of 47.5%, with petrol going below the mark of 50% for the first time since 2016.

    With the exception of Cyprus, all EU markets saw declines in demand for petrol cars during the three-month period, including the four major markets.

    From July to September 2020, registrations of electrically-chargeable vehicles (ECV) more than tripled (+211.6%) to reach 273,809 units and a market share of 9.9%.

    This strong growth is mainly due to the introduction of incentives by national governments, seeking to boost demand in response to the corona crisis, which has been largely to the benefit of buyers of battery and plug-in electric cars.

    As a result, demand for plug-in hybrids (PHEV) boomed (+368.1%) during the third quarter, going from 29,557 units last year to 138,348 new cars sold in 2020. Both Germany and France recorded percentage increases of over 400% each.

    Growth in registrations of battery electric vehicles (BEV) was also strong across the European Union (+132.3%), totalling 135,461 units over the three-month period.

    Hybrid electric vehicles (HEV) remained the bestselling alternatively-powered vehicle type in the EU, posting an increase of 88.8% in the third quarter of the year.

    In total, 341,092 hybrid electric cars were sold from July to September 2020, representing 12.4% of the EU car market.

  • New cars sales in the UK, at the lowest level since 2011 in October

    New cars sales in the UK, at the lowest level since 2011 in October

    New cars sales in the UK fell by 1.61% in October to 140.945 units, the lowest level since 2011 in October as a result of the coronavirus pandemic (Covid-19).

    The best-selling models in October are Mercedes-Benz A-Class, Vauxhall Corsa, Ford Fiesta, Volkswagen Golf and Ford Puma.

    Demand for electric vehicles increased by 195.2% in October, while supplies of diesel and petrol vehicles fell by 38.4% and 21.3%, respectively.

    New cars sales in the United Kingdom fell by 31% in the first ten months of 2020 to 1.38 million units.

    Demand for electric vehicles increased by 168.7%, while deliveries of diesel and petrol vehicles fell by 55.1% and 38.9%, respectively.

    In the top of the best-selling models in January-October 2020 are Ford Fiesta, Vauxhall Corsa, Volkswagen Golf, Ford Focus and Mercedes-Benz A-Class.