Abstract:

New car registrations continued to increase in July, going from 1.1 million in June 2020 to almost 1.3 million in July 2020—about the same level as in July 2019. Year-to-date (YTD) new car registrations remain 36% below 2019 levels. Focusing on the larger manufacturer pools, BMW is currently in the best position, with new car registrations in July 2020 being 18% higher than in July 2019, and with YTD registrations 28% below 2019 levels. On the other side of the spectrum, FCA-Tesla is currently struggling the most with a 44% decline in YTD new car registrations compared to 2019. The market-wide share of electric vehicles in July increased to 9%. Volvo had the highest share of electric vehicles at 31%, all of which were plug-in hybrid electric vehicles. At the same time,the electric vehicles share for FCA-Tesla dropped from 11% in June to 2% in July.