Europe New Car Sales Rose 18.5% in May, Electric Vehicles Take Larger Share
June 21 2023 - 1:29AM
Dow Jones News
By David Sachs
New car registrations in Europe jumped in May with
battery-electric vehicles taking a bigger market share than a year
ago, the European Automobile Manufacturers' Association said
Wednesday.
Registrations, which reflect sales, totaled almost 1 million, an
18.5% jump from last May, according to the European car industry
group known as ACEA. Fully electric vehicle sales rose 71% year
over year to around 130,000. That equates to 14% of all European
Union car sales, up from 9.6% a year ago, ACEA said.
Year-to-date sales remain 23% lower than the same period in
2019, before the pandemic, ACEA said.
German car maker Volkswagen Group accounted for 243,000
registrations, a 19.5% rise over last May, ACEA said.
Amsterdam-based Stellantis sold 170,300 cars--around 300 fewer than
the previous May--while Renault, the French car maker, had
registrations jump 36% to 104,100. Germany's BMW Group accounted
for around 70,500 registrations, a 34% rise. Mercedes-Benz sold
6.6% more units than last May, with 47,600 registrations.
May registrations rose 23% in Italy, 19% in Germany and 15% in
France, ACEA said.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
June 21, 2023 02:14 ET (06:14 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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