Stellantis saw registrations across Europe freefall 25% in September driving down the overall European market down 3% for the month.
JATO’s data revealed that 1,119,320 new cars were registered in September. This is around 40,000 less than the amount registered in September 2023, or a 3% year-on-year drop.
Stellantis was largely responsible for the volume decrease in the overall market last month, posting a 25% decline in registrations compared to September 2023 – a drop of almost 50,000 units.
The company recorded a significant fall in sales in 22 of the 28 European markets, most notably in Italy (-34%) and France (-17%), its two main markets.
Stellantis brands that experienced a steep decline in sales last month include Fiat (-43%), Citroen (-41%) and Opel/Vauxhall (-24%).
Felipe Munoz, global analyst at JATO Dynamics Munoz, said: “Stellantis may see these results as an indicator that the time has come to refresh its offering and reposition its BEV lineup to ensure the downward trend doesn’t continue.”
Demand for battery electric vehicles (BEVs) rebounded in Europe in September as buyers reacted positively to incentives, despite ongoing concerns about the future of electric cars on the continent.
According to JATO Dynamics’ data for 28 European markets, a total of 212,197 new BEVs were registered last month – up 14% from September 2023.
Despite the monthly uptick in registrations, year-to-date volumes fell by 3% compared to the corresponding period in 2023, with 1.43 million units registered so far in 2024.
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Publish date : 2024-10-22 14:47:00
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The post Stellantis new car sales fall 25% in September across Europe first appeared on Love Europe.
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Publish date : 2024-10-23 00:24:20
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