German Manager Magazine: VW, Audi, Porsche, BMW, Tesla, Mercedes, Opel: European car market continued its downward slide in September003669

The car market in the EU also lost momentum in September. Last month, new car registrations fell by 6.1 percent year-on-year to 809,163 cars, as the European manufacturers’ association Acea announced in Brussels on Tuesday. Among the major markets experienced France and Italy double-digit percentage declines, in Germany the minus was 7 percent.

Over the year, the balance is now almost balanced with an increase of 0.6 percent to 7.99 million cars. The car market had recovered somewhat in the first few months of the year, but then it collapsed in August – partly due to bring-forward effects in connection with the expiry of electric car subsidies in the previous year.

Tesla: Almost a third more new registrations

In September, registrations of pure battery electric cars (BEVs) increased by almost a tenth compared to the very weak month of the previous year. Petrol (minus 17.9 percent) and diesel (minus 23.5 percent), however, fell significantly. Over the year, all three drive types show declines. Hybrid vehicles with mixed drives, in particular, sold better.

The Volkswagen-Group (VW, Audi, Porsche, Skoda, Seat) remained the market leader in the EU with a market share increase to almost 27 percent in September. Stellantis, among other things Peugeot, Citroën, Fiat and Opel, slipped from a good 19 percent market share to just under 15 percent. Renault came in at number three with just under 11 percent. BMW has a market share of just under 8 percent, Mercedes-Benz has a good 6 percent. Vehicles from the US electric car pioneer Tesla were registered almost a third more, and the market share grew by a good percentage point to almost 4 percent.

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