The summer ended in the automotive sector with two unexpected turns: sales of SUVs reached unprecedented figures, and Tesla, the leader of the European car market in the first half of the year, temporarily lost its leadership position in July, returning – and in August. These are only short-term events, but they can signal new trends.
For the first time, crossovers and SUVs reached an important sales milestone: in the first six months of the year, they accounted for more than half of all new car deliveries in Europe.
Their market share increased to 51%, a significant jump from the first half of 2022, when it was 48%. Sales figures compiled by Dataforce show shipments rose 23% compared to the first half of 2022, reaching 3.37 million units.
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.