May Vehicle Sales in Europe at Lowest Level in 20 Years; Will Future EV Plans be Abandoned as Automakers Try to Recover?

4 years ago by Mark Kane 7

European Automobile Manufacturers Association don't have good news this days

European Automobile Manufacturers Association Doesn’t Have Good News to Report

Sales of electric vehicles in Europe are growing.  However, the continuing collapse of the European automotive market concerns us.

Renault Fleunce Z.E. Sales Are Basically Non-Existent

Renault Fleunce Z.E. Sales Are Basically Non-Existent

European Automobile Manufacturers Association reported that the number of newly registered vehicles in Europe in May fell to the lowest level in 20 years.

The total number of registration in 27 European Union countries (excluding Malta) in May was only 1.042 million, the lowest since May 1993 when customers bought less than a million cars.  The decrease, compared to May 2012, is 5.9%.

Similarly poor results are seen in the first 5 months of 2013.  The YTD number of registrations, at the level of 5.070 million units, is 6.8% weaker than in the corresponding period of 2012.  To make matters worse, there is no evidence for improvement in the situation over the next few years.

Moreover, data provided by the Comité des Constructeurs Français d’Automobiles, indicates that 58% of the production capacity of automotive plants in Europe remains unused.

With Europe’s economy plunging into recession and the auto industry collapsing on the continent, it’s likely that sales of electric vehicles sooner or later will also be hit. New models on the market (Renault Zoe, Tesla Model S, BMW i3) probably will give EVs growth in Europe in 2013 but 2014 and beyond will be difficult.

Furthermore, the struggles in Europe may convince automakers to abandon future plug-in vehicle efforts as they race to recover from this downslide.

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7 responses to "May Vehicle Sales in Europe at Lowest Level in 20 Years; Will Future EV Plans be Abandoned as Automakers Try to Recover?"

  1. Warren says:

    It will happen in the US too, if QE ever stops. Bring on the bicycles!

  2. Suprise Cat says:

    Meanwhile Germany protects their high emission luxury car segment:

    http://www.ft.com/cms/s/0/90476704-de81-11e2-b990-00144feab7de.html

  3. Kimmi says:

    Well, in May the US market represented 71% of all Plug-in sales, so if that market would ever sink, things would be bad for EV’s, but is not the case for the Euro market, if that one would sank, the only manufacturer to be in trouble would be Renault, which depends almost entirely of the Euro markets.

    Europe represents 25% of all plug-in sales in 2013, just 20% of Leaf sales (Japan represents 30% and the US 45%) and even less for the Volt family (15%).

  4. Warren says:

    They could bring the Renaults here, but they would cut into their Leaf sales.

    1. Kimmi says:

      Yep, the only Renault i would see doing ok in the States and not hurting Leaf sales would be the Kangoo ZE, but even that one would be a shot in the dark.

    1. Kimmi says:

      Ha ha good one, let’s see what the german voters think of it in the next elections in September.