After closing out the first half of 2023 as Europe’s best-selling plug-in hybrid vehicle, the Ford Kuga continued that success into the third quarter, once again topping the sales charts in both July and August. Thus, it should come as zero surprise to learn that the Ford Kuga PHEV once again retained its title as the best-selling plug-in hybrid in Europe in the month of September as well – according to new data from S&P Global Mobility – keeping this impressive streak alive for yet another month.
Last month, the Ford Kuga PHEV racked up 5,398 new registrations in Europe, which is an eight percent year-over-year increase. It was also enough to keep the electrified crossover atop the sales charts and ahead of its competitors by a sizable margin, which include the Volvo XC60, Mercedes GLC, Cupra Formentor, Volkswagen Tiguan., Kia Sportage, BMW X5, BMW X1, Peugeot 3008, and Mazda CX-60.
Things didn’t go quite as well for the overall market in Europe last month, as new vehicle registrations increased by 10 percent to 1,155,648 units in September, which was the slowest rate of growth recorded this year so far. As one might imagine, much of this stems from rising inflation and soaring interest rates, as is the case in other parts of the globe, too.
“Despite financial pressures such as rising inflation and interest rates, alongside geopolitical uncertainty, the European car market has seen consistent growth over the course of this year,” said Felipe Munoz, Global Analyst at JATO Dynamics. “While EVs have been a key driver of this growth, it is unlikely that this will be sustained for much longer, considering truly affordable ICE alternatives now remain a rarity in the market.”