CARFAX Europe’s Post

SUV sales in the UK have increased by 23 per cent since 2022, according to Transport & Environment analysis of Dataforce data. In 2022, the number of new SUVs (sports utility vehicles) registered stood at 910,000 but now that number has grown by a third and stands at 1.12 million. In 2021, 50 per cent of all new car registrations were SUVs. In 2022, that figure stood at 57 per cent. And in 2023, that rose again to 60 per cent. If the trend continues, in 2027 SUV registrations could make up 75 per cent of new registrations. https://lnkd.in/dJPsVMYK

Pricing for the average new car continues to rise, with the latest reports pegging the average new vehicle transaction price around $48,000.

AADA and AutoGrab are AIRing out the January used car sales figures in the first monthly edition of the Automotive Insights Report (AIR) for 2024 🚗 The January 2024 AIR shows that the average time taken to sell a used car decreased slightly this month with consumers starting the year off strongly.   Despite the continued tightening in cost-of-living pressures, customers increased their purchases of used cars in January with an increase of 7.3 per cent in cars sold compared to December 2023. #AIR #automotiveindustry #usedcarsales Full Report: https://bit.ly/49yMvyi

SUV sales in the UK have increased by 23 per cent since 2022, according to Transport & Environment analysis of Dataforce data. In 2022, the number of new SUVs (sports utility vehicles) registered stood at 910,000 but now that number has grown by a third and stands at 1.12 million. In 2021, 50 per cent of all new car registrations were SUVs. In 2022, that figure stood at 57 per cent. And in 2023, that rose again to 60 per cent. If the trend continues, in 2027 SUV registrations could make up 75 per cent of new registrations. https://lnkd.in/dfeecaiA

Sharing some interesting used car sales data from last month as the supply of new cars is improving we are also seeing an increase in the availability of used cars for dealers and customers. As each month passes the industry is clearly returning to market conditions that were the norm several years ago. This is a great opportunity for customers to purchase cars in a far shorter time frame and for dealers to secure incremental income by increasing their finance penetration rates with shorter delivery times.

February used car sales figures have been released today in the Automotive Insights Report (AIR). The figures released by AADA and AutoGrab show that the number of used vehicles listed for sale has increased but the number of used cars sold have dropped. “Overall, the used car market seems to be presenting opportunities for consumers interested in buying a used car,” said AADA CEO James Voortman. “A strong start to 2024 new car deliveries is flowing down into the used car market, with a slight rise of 1.3 per cent in the number of vehicles listed for sale in the month.” #AIR #usedcarsales #automotiveindustry See the full report: https://bit.ly/4cgLqxl

#Noruega 🇧🇻, #Norway 🇧🇻. Ventas de #automóviles julio 2024. El 96% de las Ventas son #VehículosEléctricos #BEVs, #VehículosConectables #PHEVs o #VehículosHíbridos #HEVs. Datos y Gráficos: CleanTechnica " July saw plugin EVs take 94.3% share in Norway, up from 89.9% year on year. BEVs alone took almost 92% of the market, close to a record, and PHEVs contributed 2.4%. Overall auto volume was 6,456 units, down 14% YoY. The Volkswagen ID.4 was the month’s best seller. " https://lnkd.in/d8KPr82s #NoMeLíes

#Francia 🇨🇵, #France 🇨🇵. Ventas de #Automóviles julio 2024. El 59% de las ventas son #VehículosEléctricos #BEVs, #VehículosConectables #PHEVs o #VehículosHíbridos #HEVs Gráficos y DATOS: CleanTechnica https://lnkd.in/dUgfFrM5 " July’s auto sales saw plugin EVs take 20.8% share in France, a drop from 23.3% year-on-year. BEV share was roughly flat YoY, while PHEV share fell. Overall auto volume was 126,037 units, down by some 2% YoY. The Renault Megane took the lead in the BEV rankings. "

Interesting insights into vehicle affordability. I still remember back in 2016 when the Kia Picanto was sold in bulk deals for 29,000 AED ($7,900) and the Nissan Sunny for 33,250 AED ($9,000). Ever since fuel prices have gone up, especially in the Middle East, the prices for entry-level cars have shot up. Inventory shortages after the pandemic have also driven up the prices for small cars. #VehicleAffordability #CarDeals #BudgetFriendlyCars #KiaPicanto #NissanSunny #AffordableAutos #2016CarPrices #GreatDeals #AutoAffordability #MemorableCarPrices

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