Abstract:

In June 2020, new car registrations in Europe (1.1 million) returned to pre-COVID-19 levels of January and February 2020. In comparison with 2019, however, year-to-date (YTD) new car registrations remain 40% lower. FCA-Tesla was hit hardest of all manufacturer pools, registering 47% fewer new vehicles YTD than during the same time period in 2019. In contrast, Volvo’s registrations in June 2020 were slightly higher than in June 2019 and YTD were 30% below last year’s volume. The average share of electric vehicles in June increased to 8%. Volvo had the highest share of electric vehicles with 30%, all of which were plug-in hybrid electric vehicles. FCA-Tesla also saw a strong increase, going from 6% in May to 11% in June.