The latest JATO data on new car registrations in Europe shows that demand increased by 2% in July 2024 compared to July 2023. A total of 1.03 million units were registered in the region, bringing year-to-date volumes to almost 7.
9 million new cars. More SUVs than ever One of the main conclusions to be drawn from last month's results is that consumers are continuing to buy more SUVs. Although this trend began more than ten years ago, it has by no means stopped.
In July 2024, SUVs accounted for almost 54% of total registrations , a new record. Last month, 554,000 new SUVs were registered, an increase of 6% on July 2023. The month's good results brought year-to-date volumes to 4.
2 million units, an increase of 5%. The reasons are still the same: there's more choice than ever and drivers appreciate the higher seating position, which provides more comfortable access. Top 10 manufacturers July 2024 Although Toyota, BMW, Mercedes and the Geely Group led growth in the SUV segment, it was the Volkswagen Group that was the undisputed leader.
The German manufacturer accounted for 26% of SUV volume, followed by Hyundai - Kia with 12% and Stellantis with 11.5%. Most of the demand for SUVs came from compact SUVs, the C-SUVs, with 210,600 units, up 3%.
However, growth was driven by small SUVs, the B-SUVs , with 204,300 units, up 14% . The arrival of more affordable models is enabling many consumers to switch from traditional segments to SUVs. Next in line are the medium SUVs, the D-SUVs, wi.