Norway 2020. Vehicle market worsened in May, after scoring the best European performance in April

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Norwegian Auto Market
Audi-A3_Sportback-2021

Norwegian Auto Market has worsened in May after containing the losses in April, following a similar phenomenon registered in Sweden and the Netherlands. Indeed, 7.885 units were sold in May (-35.5%), leading Year to Date figures to 47.378 (-22.6%). Mercedes boomed 107.6%.

Norwegian Auto Market in May

As reported for countries like Sweden and the Netherlands, the Norwegian market – after containing the losses in April – has worsened in May. Although registering a low number of Covid-19 cases, the car market conditions have deteriorated, after managing to score the best European performance in April.

Indeed, 7.885 units were sold in May (-35.5%), leading Year to Date figures to 47.378 (-22.6%).

Brand-wise, Audi managed to contain the losses in May (-6.5%) while Mercedes boomed 107.6% and Hyundai and Peugeot scored positive performances.

Post Covid19 Market Trend

In order to slow down the spread of the Coronavirus, most of European countries have imposed lockdowns to various degrees. Indeed, on March 12 the Norwegian Government imposed a two-week national lockdown, while introducing a number of safety measures aiming to achieve physical distancing.

As a result, the Norwegian vehicle market dropped by 32.4% in March with 12.451 units sold, ending the Q1 at 32.404 (-16.1%).

In April, the market lost 31.6% with 7.416, reporting the smallest decline in Europe.

Medium Terms Market Trend

Norwegian vehicles market deeply changed in recent years by the decision to boost-zero emission vehicles sales and the introduction of a medium terms incentive policy with EV fiscal cost at zero, including VAT and final price for consumers almost equivalent between a traditional combustion and AFVs. The result is the fast replacement of petrol based vehicles with the Hybrid or Electric cars.

Norway has taken the decision to stop fossil-fuelled vehicles by 2025. Pushed by the need to renovate the circulating park, the domestic market grew up without a break from 2012 to the 2017 hitting five all-time record in a row, before to moderately decline in 2018 at 149.991 and in 2019 at 142.363.

However, the market detains World’s leadership in green vehicle sales, reporting 56% Electric/Hybrid vehicles mix on total market in 2019, with the EV segment up 30.9% to 60.316 units.

In the beginning of 2020, according to data released by the Opplysningsrådet for Veitrafikken AS, the market was holding a flat trend. Indeed, year to date February sales have been 19.954 (-1.3%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and Top 10 models.

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