SUV demand falls as European registrations decline

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  • #83706 Reply
    Brydo
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    Very interesting Article.

    Demand for SUVs appeared to stall across Europe during June creating speculation that the segment may have peaked.

    The region suffered a 7.9% overall decline in registrations, according to Jato Dynamics.

    SUV registrations grew by just 0.7% last month as 1.49 million vehicles were registered – the highest monthly drop in new car registrations so far in 2019 and the lowest June volumes result since 2015.

    Felipe Munoz, Jato’s global analyst, said: “June’s results confirm that conditions in Europe are getting worse.

    “We continue to see a repeat of the same pattern: lower consumer confidence is mostly affecting diesel car registrations, which used to dominate the European landscape.”

    Jato reported that the ongoing crisis of confidence in diesel vehicles had particularly impacted Scandinavia during June, where registrations fell by 52% to just 20,092 units last month as diesel vehicles were outsold by electrified vehicles (20,182 units) for the first time.

    Europe-wide diesel car registrations fell by 21% in June – accounting for just 31% of the total market-  while demand for electrified vehicles increased by 20%.

    However, the latter’s growth is still not strong enough to enable AFVs to become a big player on the market, as they still account for just 7.5% of all registrations, Jato said.

    https://www.fleetnews.co.uk/news/manufacturer-news/2019/07/26/suv-demand-falls-as-european-registrations-decline

    The only person who got all his work done by Friday was Robinson Crusoe.
    Anything i post over three lines long please assume it is an article lol.

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  • #83720 Reply
    Bandit
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    Let’s hope it results in cheaper diesel then! : -)

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