Europe’s passenger-car market regained momentum in July, with registrations across the European Union, Britain and the EFTA bloc rising 5.9% year on year to about 1.09 million units, the strongest monthly advance since April 2024, according to the European Automobile Manufacturers Association. Electrified models continued to gain ground, accounting for nearly 60% of all registrations, helped by fresh incentives in Germany, which posted an 11.1% sales increase that offset declines in the UK, France and Italy. China’s BYD benefited most from the shift. Its European registrations more than tripled to 13,503 vehicles, lifting its market share to 1.2% and putting the company ahead of Tesla for the second time this year. Tesla’s registrations fell 40% to 8,837, cutting its share to 0.8% and marking a seventh consecutive monthly decline even as overall battery-electric volumes rose across the region. In a separate disclosure, Toyota Motor Corp. said global sales climbed 4.8% in July while production rose 5.3%, both records for the month and the automaker’s seventh straight month of record output. Robust demand for hybrids drove a roughly 20% jump in North American sales and a 6% gain in China, offsetting a 5.5% dip in Japanese production. Toyota warned earlier this month that the 15% U.S. tariff on imported vehicles will weigh on earnings in the current fiscal year despite the continued sales strength.
Brutal. Tesla sales in Europe fell 40% in July. Tesla’s market share in Europe for new car sales: Less than 1%. Chinese electric car company BYD sold 50% more than Tesla in Europe. https://t.co/qqvRrH94ze
Europe’s July car sales rise most since April 2024, BYD ahead of Tesla https://t.co/07ECy0M0Au https://t.co/07ECy0M0Au
Tesla sales dropped steeply in Europe, down 40% year-on-year, according to the European Automobile Manufacturers Association, with its new car registrations totaling just under 8,900 in July. At the same time, China-based EV maker BYD saw over 13,500 new registrations, which is https://t.co/7Et8pkJmqR