Market: Still catching up
SALES OF NEW CARS Although the passenger car market in Switzerland and the Principality of Liechtenstein grew in October compared to the weak month of the previous year, the number of new cars remains below the 2019 level.
The new car market in Switzerland is only recovering very slowly.
Although the car market in Switzerland and the Principality of Liechtenstein is slowly recovering, it is still lagging behind pre-pandemic levels. In October, the number of new registrations grew by 18.4 percent compared to the same month last year. However, at 20,355 units, the number of new cars was around 22% below the 2019 level. The gloomy economic outlook still appears to be having a dampening effect on demand for new vehicles. The cumulative market growth of 13.1% to 203,261 registrations after ten months must also be viewed soberly.
29 percent are plug-in vehicles
However, the continuing growth in the proportion of alternative drive systems is a positive development. In October, the proportion of hybrid and electric vehicles exceeded the 60% mark for the second month in a row. 28.2 percent of newly registered cars had a full or mild hybrid engine, electric cars accounted for 22.1 percent and plug-in hybrids for 10.1 percent of the market. Since the beginning of the year, more than 59,000 plug-in vehicles that can be charged via the electricity grid have already been registered.
Further information on the situation in Switzerland, distributors and winners can be found on the Internet
