May brought a 2.7% decline in car sales in Europe. However, some brands achieved really strong results, while the Chinese brands expanded their market share.
May brought a 2.7% decline in car sales in Europe. However, some brands achieved strong results, while the Chinese brands expanded their market share. According to Dataforce's data , Volvo was among the biggest winners, with 32,826 new sales, 27% higher than a year ago. This enabled the company to improve its position to 14th overall, compared to 17th in May 2023. Get Fully Charged Volvo noted such a big gain primarily because of the relatively affordable all-electric Volvo EX30.
The situation seems challenging because Tesla plans to halt production at the Giga Berlin factory for five days in June after shutting down one day in May, the article says. This would suggest weakened demand. If the China-made Model 3 gets higher tariffs as soon as July 4, the situation will not be any easier. Tesla Model Y Tesla Gigafactory Berlin Germany Volkswagen, the largest car brand in Europe, increased its sales in May by 2.
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