Electric Cars: Commercial And Private Sales Are Even In Europe via insideevs.com
It's well known that a large part of car sales in developed economies correspond to businesses, rentals, and fleets in general. The business world shares the market with private consumers who go to dealerships for a new vehicle purchase. in Europe, businesses account for more than half of the sales.
In fact, businesses, dealerships, rentals, and fleets in general made up 54 percent of total registrations during the first quarter of 2022, according to information provided by JATO Dynamics. The data, from 17 European countries, indicate that the percentage has dropped compared to 2020 mainly due to the boom in pure electric cars.
In other words, the electric car boom in Europe has a strong private-owner component. This is very good for the industry, as the margins for retail sales to individuals are usually higher than those for corporations. Furthermore, consumers are truly responding to the incentives offered by governments across the region.
It's also good in that demand isn't driven by artificial sales like the practice of self-registrations, where many brands sell their cars to dealerships to show better sales results at the end of each month. The more private registrations there are, the better it is for brand profitability and a clearer understanding of market trends.
These cars have become a good alternative for many companies across Europe, due to their lower fuel consumption and some tax benefits depending on the country.
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