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November Automotive Market Analysis: Trends and Insights
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Top Performers and Declines in November
In the automotive landscape of November, the brand that demonstrated the most significant growth was Cupra, landing at #18 with an impressive increase of 24%. Meanwhile, Tesla faced a year-over-year decline of 28%, ranking at #15. Other manufacturers like Fiat experienced even steeper drops, with sales plummeting by 40% during the month—largely attributed to discontinuing production of the traditional internal combustion engine (ICE) Fiat 500.
Plugin Vehicle Rankings
In analyzing plugin vehicle performance, Tesla saw a minor decrease from 10.8% in October to 10.6% in November but still secured its position as a frontrunner—marking its third consecutive victory this year. However, compared to last year’s figures when it held a robust share of 12%, there is an evident contraction that may pose challenges as we approach 2025.
Fortunately for Tesla, competitors Mercedes and BMW are not expected to unleash their full lineup until 2026 with models such as the Mercedes CLA and GLC along with BMW’s i3 and iX3 series set for release around that time. Similarly, Volkswagen Group’s more affordable options like VW ID.2 aren’t launching until later either; hence, Tesla may start strong going into next year’s competition.
Volkswagen’s Slowly Rising Share
Following Tesla within rankings showed positive reports for Volkswagen as it crept up from a share of 7.3% in October to reach approximately 7.5%. Despite this recovery trend post-pandemic disruptions, Volkswagen has yet to match its performance levels from earlier this year; analysts predict that Mercedes is poised to reclaim podium status by year’s end after two years off it.
Historically speaking, Volkswagen has consistently been among Europe’s leading brands since around mid-last decade—with only one exception being in2019—and forecasts indicate they might round off this year ranked fifth overall.
Breakdown by Automotive Groups
When viewing overall market share based on automotive groups rather than individual brands:
Volkswagen Group leads significantly with an updated market presence now standing at 21.5%, a slight climb from 21.2% recorded previously.
Following far behind is BMW Group holding onto 11%, down marginally from prior statistics.
For Tesla which takes third place maintaining 10.6%, it’s anticipated they’ll withstand competition pressures arising just ahead given quarterly peak season fluctuations—favorably distancing themselves against Stellantis (10 .5%) right behind them and Geely–Volvo skimming close at 10 .4%.
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The post Revealed: Europe’s Best-Selling Plugin Vehicle Brands You Need to Know! first appeared on Tech News.
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Author : Tech-News Team
Publish date : 2024-12-31 09:51:18
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