Market: Growth remains on track
IMMATRICULATIONS The automotive market in Switzerland and Liechtenstein maintained its upward trend in May. With an increase of 16.9 percent compared to the same month last year, the number of registrations rose to 21,569.
Since the beginning of the year, 98,538 new passenger cars have hit the roads in Switzerland and the Principality of Liechtenstein - that is 10,215 or 11.6 percent more than after five months last year. The supply chain tragedy has been overcome in many places, and order times for many models are back to normal. Electric and hybrid drives have a market share of 54.3 percent since the beginning of the year.
Familiar figures not again until 2024
Auto-Schweiz media spokesman Christoph Wolnik: "Even if the cumulative market level of 2019 is still around 30,000 new cars short, the ninth consecutive monthly increase shows that the recovery is sustainable. Nevertheless, we won't see the usual level of registrations again until next year, perhaps not until 2025."
Alternative drives grow more strongly
The market shares of hybrid and electric vehicles increased by six percentage points year-on-year in May to a combined 55.2 percent. Exactly one in five new cars is purely electric, while another 7.8 percent are rechargeable plug-in hybrids. The remaining 27.4 percent are full and mild hybrids. Since the beginning of the year, the number of new passenger cars with electric, hybrid, gas or hydrogen engines has grown by 22 percent, outpacing the overall market. 54.3 percent of all new PWs are alternatively powered. Detailed figures are available at www.auto.swiss.
