New Car Registrations in Europe Increase by 16% YoY in April
According to industry analytics firm Jato Dynamics, new car registrations in Europe increased by 16% year on year in April. The number of new cars sold reached 960,191 units across 28 European markets, with growth credited to the increased availability of new models and a healthy influx of electric vehicle and SUV sales. The easing of supply chain pressures across the continent is also attributed to the increase in sales.
SUVs Earn Record Share of the Market
SUVs earned a record share of the market, taking 51.3% of all registrations. The likes of Volkswagen, Hyundai-Kia, and Stellantis were the month’s most popular brands. Electric cars formed 13% of the overall sales volume in April, compared with 10% in April 2022. Volkswagen led sales of battery-electric vehicles (BEVs), with 31,900 units sold – a year-on-year rise of 98%. Tesla, meanwhile, shipped 14,200 units, an increase of 865% year on year.
EV Market Share Reaches Its Highest Level Yet
This follows the news that more than half of all new car registrations in Europe were BEVs in the first quarter of 2023. The volume of all-electric models increased by 43% to more than 219,000 units, which, Jato says, was down to an increase in model choice, appealing incentive packages, and lower prices. EV market share also reached its highest level yet, taking 13.4% of the European car market in the first quarter of the year.
Dacia Sandero Tops the Charts
However, it was the Dacia Sandero that once again emerged as the month’s best-seller. The small hatchback notched up 18,695 sales in April, ahead of the Volkswagen T-Roc and Opel/Vauxhall Corsa. Last year’s second best-seller, the Dacia Sandero has fought for the top spot throughout the year so far. Its appeal is bolstered by its exceptional value for money, which will have resonated with buyers as the cost of living crisis continues to hit across Europe. That it’s also a competitive supermini, with a spacious interior and decent handling, makes it an especially compelling buy.
Top 10 Best-Sellers List for Europe in April 2023
Here is the full top 10 best-sellers list for Europe in April 2023:
1. Dacia Sandero, 18,695 sales, +44% year on year
2. Volkswagen T-Roc, 16,746 sales, +19% year on year
3. Opel/Vauxhall Corsa, 16,578 sales, +40% year on year
4. Renault Clio, 15,729 sales, +119% year on year
5. Peugeot 208, 15,026 sales, -4% year on year
6. Abarth/Fiat 500, 13,775 sales, +7% year on year
7. Toyota Yaris Cross, 13,626 sales, +41% year on year
8. Volkswagen Golf, 13,209 sales +31% year on year
9. Dacia Duster, 12,953 sales, +38% year on year
10. Skoda Octavia 12,817 sales, +230% year on year
Secondary Headers:
SUVs and Electric Cars Drive European Car Market Growth in April
SUVs and electric cars were the key drivers behind the growth in the European car market in April. SUVs took a record share of the market, while electric cars formed 13% of the overall sales volume. Volkswagen led sales of battery-electric vehicles (BEVs), with 31,900 units sold – a year-on-year rise of 98%.
Dacia Sandero Emerges as Europe’s Best-Seller in April
The Dacia Sandero once again emerged as the month’s best-seller in Europe in April. Its exceptional value for money, spacious interior, and decent handling make it an especially compelling buy. The small hatchback notched up 18,695 sales in April, ahead of the Volkswagen T-Roc and Opel/Vauxhall Corsa.
Top 10 Best-Sellers List for Europe in April 2023
The top 10 best-sellers list for Europe in April 2023 was dominated by SUVs and superminis. The Dacia Sandero topped the charts, followed by the Volkswagen T-Roc and Opel/Vauxhall Corsa. The list also included popular models such as the Renault Clio, Peugeot 208, and Volkswagen Golf.
EV Market Share Reaches Its Highest Level Yet in Europe
The volume of all-electric models increased by 43% to more than 219,000 units in Europe in the first quarter of 2023. More than half of all new car registrations in Europe were BEVs in the same period. EV market share also reached its highest level yet, taking 13.4% of the European car market in the first quarter of the year.
Conclusion
The European car market saw significant growth in April 2023, driven by the increased availability of new models and a healthy influx of electric vehicle and SUV sales. SUVs took a record share of the market, while electric cars formed 13% of the overall sales volume. The Dacia Sandero emerged as the month’s best-seller, followed by the Volkswagen T-Roc and Opel/Vauxhall Corsa. The top 10 best-sellers list for Europe in April 2023 was dominated by SUVs and superminis. EV market share also reached its highest level yet, taking 13.4% of the European car market in the first quarter of the year.