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January 28, 2023
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The European auto market hits the lowest sales volume in nearly 5 years in November

Last Updated on November 5, 2022 by SogouAuto

 

The main culprit behind the decline is continued struggles in the diesel segment. In fact, diesel sales are down a whopping 20 percent compared to last year. The falloff in demand is likely due to anti-diesel sentiment following the Volkswagen emissions scandal that broke in 2022. Additionally, new WLTP emissions testing standards went into effect in September, which caused shortages of certain models and drove up prices. Because of this, many consumers are delaying purchases until 2022 when things are expected to normalize.

 

The other big story is how well electric vehicles (EVs) are doing. sales of EVs increased by 37 percent last month, with a total of 24,254 units sold. This marks the highest monthly total ever for EVs in Europe. The rise of EVs is likely being driven by aggressive government incentives as well as concerns about air pollution. It’s also worth noting that Tesla finally entered Europe’s mass market with the launch of its Model 3 last month.

223 Model 3s were registered in Norway alone in November, which makes it the best-selling EV there last month.

 

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