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Demand for SUVs rises, while MPVs lose market share

Monday 31 July 2017, By Autovolo

Demand for SUVs rises, while MPVs lose market share

Demand for SUVs rises, while MPVs lose market share

SUVs are continuing to gain popularity in 2017, according to new figures.

Data released by Jato Dynamics shows a 19.7 per cent increase in SUV sales, with 2.4 million examples sold – enough to make them Europe’s favourite vehicle type.

MPVs, on the other hand, have seen a continued decline in sales, with a 14.8 per cent drop in the segment compared with the same period last year. Just under 700,000 models were sold, accounting for approximately eight per cent of the marketplace.

Superminis were the second most popular segment after SUVs, seeing a five per cent increase in sales for the first half of 2017. However, with only 1.8 million units shifted, sales of SUVs still eclipse those of superminis.

Sports cars didn’t fare too well, either, with a 4.7 per cent drop compared with the same period last year. This segment witnessed just over 65,000 sales, equalling a 0.8 per cent market share.

Although much of Europe witnessed an increase in vehicle sales, the UK was one of five that saw registrations fall in the first half of 2017. However, this drop wasn’t a large one, with sales down just 1.3 per cent compared with the first half of 2016.

Felipe Munoz, global automotive analyst at Jato Dynamics, said: “It’s notable that the UK is experiencing a slowdown in registrations, which can be attributed to uncertainty about the nature of the country’s exit from the EU.

“Until there is clarity over how Brexit will work and what the UK’s relationship with the EU will look like, the UK market may continue to decline while the rest of Europe continues to grow.”