After the number of new vehicles sold in Europe stagnated due to a lack of components, the latest data shows that the market is starting to recover and at a high speed. According to data, 787,626 new cars were registered in Europe in August, which is an increase of more than 21%.

This period of the year usually records a smaller number of vehicles sold, but despite this, in the eighth month a growth of 21 percent was recorded compared to the same period last year. The biggest growth was recorded in the three largest markets: Germany (+37.3%), France (+24.3%) and Italy (+11.9%), while when it comes to individual cars, the highest demand was for the Tesla Model Y, VW T-Roc and Peugeot 208.

When it comes to electric cars, they recorded a growth of 118.1% (165,165 vehicles), which is 21% of total sales (a growth of 11.6% compared to August last year). The highest growth was recorded in Germany with an incredible 170.7%, while the only country with a deficit was Malta (-22.6%).

Speaking of brands, Tesla delivered over 34,000 cars in August, which is a 242.2% increase compared to last year when this number was under 10,000 cars. The highest demand, the fifth time in eight months, was for the Tesla Model Y with 19,725 deliveries.

Source: European Automobile Manufacturers’ Association