Electric automaker Tesla enjoyed an unbeatable year-on-year sales growth of 272% in Germany in the fourth month of the year.
Germany is frequently regarded as an indicator for the larger European auto market as it has the biggest car industry in the entire region. Therefore, Tesla’s European sales substantially increased as it continued to see spectacular growth in the country.
As expected, German car registration agency KBA’s April report disclosed that the American EV giant had passed a new sales threshold with its unstoppable sales growth.
Tesla sales in April
KBA indicated that Tesla’s sales hit 2,420 electric vehicles in April. As mentioned, that figure represents an astounding YoY sales increase of 272.3%.
Apart from that, Teslarati also reported that Tesla’s Q1 2023 sales more than doubled from the same period last year, indicating a 109.2% sales growth.
Most significantly, KBA also indicated that Tesla has successfully smashed the 1% market share threshold, climbing to 1.2% in April. It is worth noting that this latest record is among the highest market presence Tesla has ever attained in Germany, with a margin of 0.2%.
Unfortunately, KBA is yet to publish the model-specific sales figures.
Upward auto industry trend
Tesla’s increasing sales in Germany are consistent with the larger industry trend, which enjoyed a surge in car sales during April, up 12.6% YoY.
Additionally, EV sales began to pick up steam in April, rising 34.1% YoY. It also accounted for a record-breaking market share of 14.7% and sales of 29,740 EVs, Teslarati reports.
Suppose the auto market follows its usual course over the next two months. In that case, Tesla may enjoy even greater sales for the remainder of the quarter.
See Also:
- Tesla: Germany sales increased almost 90% in the first two months of 2023
- Tesla moves battery cell production capacity from Germany to the US
- Tesla plans to double Germany’s production without additional water consumption
- Tesla’s Germany sales grew 900% in January 2023 over last year
- Tesla Model 3 as Germany’s top EV in November – overtaking Model Y
Moreover, the report also noted that the strongest month of the year is usually March. Despite this year’s sales decline from March to April, industry analysts anticipate a minor recovery in May and June, when sales normally improve.
