EU new car market puts in best performance since 2008
European new car registrations rose 9.0% to 1.34 million cars in April, marking the best performance for the month since 2008.
The increase, revealed in figures from Jato Dynamics, follows the 5.2% decline posted in March, and marks the highest monthly rise since March 2017, boosting the year-to-date figures to 5,607,856 registrations – an increase of 2.5% year on year.
Highlights included a return to growth in the UK, with registrations in April up by 10.4%; the highest monthly increase since June 2015. However, this was due to two additional selling days and the after-effects of the VED tax changes from 2017. Overall, Switzerland was the only market to register a decline.
However, diesel registrations across the EU continued to fall in April, with volume down by 13.2% to 453,500 units – a market share of 36.7%. In contrast, petrol registrations were up by 53.5% to 692,300 units – a market share of 56.1%. Alternatively fuelled vehicles continued to record growth, with volume also up by 53.5% as they counted for 5.5% of total registrations. Among them there were 41,200 hybrid, 13,500 plug-in and 13,000 fully-electric registrations.