MENU
SEARCHDecember blip due in part to EV sales falling from year-earlier high.
As inventories were replenished throughout last year, sales benefited, closing at 10.5 million units.
IMAGE: Pexels/Tetyana Kovyrina
New-vehicle sales in Europe fell more than 3% to close the year after 16 straight months of growth, though they were up about 14% for the year.
More than 867,000 units were registered on the continent in December, according to the European Automobile Manufacturers’ Association, which attributed the decline to the high number seen a year earlier as the industry had started to pull out of pandemic conditions.
As inventories were replenished throughout last year, sales benefited, closing at 10.5 million units, with every submarket but Hungary growing, most by double digits, the association said.
About a 17% drop in battery-electric vehicle sales, the first decline in the segment since April 2020, contributed to the December industry blip. The association attributed the EV decline to brisk electric sales a year earlier, in addition to a steep 48% drop in Germany, Europe’s biggest EV market. Still, electrified vehicle sales were up 37% for the year to more than 1.5 million units and about 15% overall market share, the third biggest market share behind gas-powered and hybrid models, at Nos. 1 and 2.
LEARN MORE: Europe Gets More Electric
Originally posted on Auto Dealer Today
Understanding the risks and benefits of retail accounting and Super CFCs can help you better present options to your dealer partners.
Read More →
China easily reigns in the segment, but European countries’ adoption rates are growing. The U.S., probably due to market size, has the second biggest EV fleet.
Read More →
The full-size pickup segment, which has been dominant in the U.S., ended 11 consecutive weeks of gains with a slight dip last week.
Read More →
Wholesale auto conversion rates dropped slightly as auction buyers proved picky last week, analysts observed.
Read More →
Fast charging of electric vehicles provides a solution for range anxiety, but it also poses a risk to battery cycle life due to increased temperatures, according to an EV supply chain data provider.
Read More →
Expanding Midwest automotive group picks up three stores as part of the robust transaction activity early this year.
Read More →
Cox Automotive data shows Americans doubled down on big-is-better despite price increases. Slightly higher incentives helped fuel the demand.
Read More →
The automaker says its movement of some electric-vehicle work to the S.C. factory is part of a more tailored product focus. It also plans to add a new hybrid model to the plant’s itinerary.
Read More →
Last week's wholesale automotive auction activity continued in a healthy mode, though buyers practiced selectivity.
Read More →
CarGurus’ first quarterly review of 2026 shows that affordability concerns are continuing to drive consumer purchases with a shift to more fuel-efficient options.
Read More →