Vehicle registrations in Europe increased by 19 percent in June. Thus, the series of increase in vehicle sales reached the 11th month.
Auto sales in Europe also increased in June, thanks to increased demand for electric cars and improved parts supply, bringing its growth streak to the 11th month.
According to the data of the European Automobile Manufacturers Association, new vehicle registrations increased by 19 percent to 1.27 million units. Electric vehicle sales increased by 55 percent, while diesel vehicle deliveries decreased by 10 percent.
Automakers continue to melt pending orders as long-standing supply shortages in critical components such as semiconductors ease. But the outlook is also clouded by expectations that supply chain bottlenecks could return due to rising demand for electric vehicles, and consumers could cut back on spending amid rising costs of living and slowing global growth.
Buyers in Germany, Europe’s largest automobile market, bought 52,988 electric vehicles in June. While this number indicates an increase of 64 percent compared to the same period of the previous year, it was also recorded as the highest figure in Europe.
While France also contributed to the growth of electric vehicles with 33 thousand 280 sales, electric vehicle sales in the Netherlands were 13 thousand 892.
Including all fuel types, Volkswagen AG made 325,612 deliveries, an increase of 27 percent compared to last year, making it the company that sold the most passenger cars in the region.
Stellantis NV’s sales decreased by 2.5 percent to 210 thousand 495.
Tesla Inc., which plans to increase its production capacity in its factory in Germany. By selling 47,606 vehicles, it surpassed local brands Fiat and Citroën, more than doubled its sales from a year ago.