- Europe new-car registrations rose 1.7% year‑on‑year to 979,321 units including UK and EFTA in February.
- BYD surged 162% year‑on‑year in broader Europe, lifting its market share to about 1.9%.
- HEVs lead with 38.7% share while gasoline and diesel slump to 30.6% of the market.
Europe’s auto market showed signs of mild recovery in February. Data from the European Automobile Manufacturers’ Association (ACEA) indicated that new car registrations in the EU reached 865,437 units, up 1.4% year-on-year and 8.2% month-on-month.
Including the UK and the European Free Trade Association (EFTA), total registrations rose to 979,321 units, up 1.7% YoY and 1.9% from the previous month.
From a year-to-date perspective, the market remains in a recovery phase. EU registrations for January–February declined 1.2% YoY, an improvement compared with January’s weaker baseline.
In terms of powertrain mix, hybrid electric vehicles (HEVs) continued to dominate.
Over the first two months, HEVs accounted for 38.7% of the market, ranking first. Battery electric vehicles (BEVs) held an 18.8% share, while plug-in hybrids (PHEVs) accounted for 9.8%.
By contrast, gasoline and diesel vehicles combined fell to 30.6% of the market, indicating a continued but gradual phase-out of internal combustion engine vehicles.
Against the backdrop of a modest market recovery, Chinese automakers are accelerating their expansion in Europe.
BYD registered 15,438 vehicles in the EU in February, up 185.3% year-on-year. Including the UK and EFTA markets, total registrations reached 17,954 units, up 162.3%, with market share rising to 1.8%.
In the first two months of the year, BYD’s total registrations in Europe reached 36,069 units, up 162.7% YoY, with market share increasing to 1.9%.
SAIC Motor maintained a steadier growth trajectory. It registered 18,584 vehicles in the EU in February, up 14% YoY.
Across the broader European market, registrations totaled 22,360 units, up 12%, with a market share of around 2.3%.
Cumulatively, SAIC recorded 41,454 registrations in Europe in January–February, representing a 4.8% increase YoY.
Tesla showed signs of stabilization in Europe. The company registered 17,664 vehicles across the region in February, up 11.8% YoY.
However, year-to-date growth remained limited at just 0.9%, indicating uneven momentum.
Meanwhile, European and Japanese brands generally came under pressure. In February, registrations for BMW, Volkswagen brand, and Volvo declined by 4.5%, 4.2%, and 9.6%, respectively.
Japanese automakers Toyota and Nissan also saw declines of 2.9% and 16.2%.
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