Golden Financier
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy

    Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
    Popular Topics
    • Trump-Musk fallout risks SpaceX deals, Tesla’s standing, and Republican unity
    • RBI delivers steepest rate cut in 5 years: experts weigh in on the possibility of more cuts
    • Musk, Trump dial back feud as White House aides push for truce
    • A new era in US politics? Donald Trump vs Elon Musk and the rise of platform power
    • Here’s why the Nifty 50 Index may surge after the RBI rate cut
    • About us
    • Contacts
    • Privacy Policy
    • Terms & Conditions
    Golden Financier
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy
    • Stock

    These Tesla models were the best selling cars in UK in December

    • January 7, 2025
    • admin

    Elon Musk’s Tesla has some good news from the UK.

    As per the latest data from the Society of Motor Manufacturers and Traders (SMMT), Tesla cars grabbed the top two spots in the top 10 best-selling cars list in the UK for December.

    Tesla Model Y was the best-selling in December registering sales of 5,165 units, while the Tesla Model 3 grabbed the second place with 3,477 units sold.

    Apart from Tesla, Nissan grabbed two spots in the top 10.

    Nissan Qashqai bagged the third spot with 3,371 units sold, while the Juke came in at 10th with 1,972 units sold.

    RankVehicle Sales
    1Tesla Model Y5,165
    2Tesla Model 33,477
    3Nissan Qashqai3,371
    4MINI Cooper3,245
    5Ford Puma2,802
    6MG ZS2,780
    7Vauxhall Corsa2,712
    8Volvo XC402,618
    9Audi Q4 e-tron2,019
    10Nissan Juke1,972
    Top 10 best-selling cars in the UK in December. Source: SMMT.

    Rise of EV sales in the UK

    The surge in sales of Tesla coincides with the growing popularity of electric vehicles in the UK.

    In the final month of the year, sales of Battery Electric Vehicles (BEV) surged over 56% year-on-year to 43,656 units.

    The market share of BEVs in the month stood at 31%, grabbing second place just behind petrol vehicles which recorded a market share of 42%.

    In 2024, BEV sales went up 21.4% YoY to 381,970 units. The market share climbed to 19.6% from 16.5% registered at the end of 2023.

    Tesla’s Europe troubles

    Tesla’s annual deliveries dropped for the first time in years.

    The automaker delivered 1.79 million vehicles in 2024, a slight decrease from 1.81 million in 2023, marking its first annual decline in deliveries in recent years.

    Analysts attributed the decline in parts to the company’s ongoing struggles in European markets.

    Tesla’s sales in Europe fell by about 14% from January to November, with 283,000 vehicles sold compared to the same period in 2023, based on data from the European Automobile Manufacturers’ Association (ACEA).

    In November alone, registrations dropped to 18,786 units from around 31,810 the previous year.

    The decline coincided with the European Union’s ongoing investigation into Chinese-made electric vehicles, which led to the imposition of a 7.8% tariff on Tesla cars imported from China in October.

    This investigation has impacted Tesla’s exports to Europe from its most productive factory.

    Tesla sales in the UK also showed muted growth in 2024.

    The company sold a total of 50,334 cars in the UK, a 1.54% increase from the 49,571 units sold in 2023.

    The silver lining of the Musk-led company has been in China, where it recorded an increase in sales for the year 2024. Tesla’s annual sales in China went up by 8.8% to a record high of over 657,000 cars.

    However, the company’s market share has declined from 7.8% in 2023 to 6% in the January to November period of 2024.

    The post These Tesla models were the best selling cars in UK in December appeared first on Invezz


    admin

    Previous Article
    • Stock

    Why are Zomato, Biocon and ONGC shares buzzing today?

    • January 7, 2025
    • admin
    View Post
    Next Article
    • Stock

    Nvidia CEO at CES 2025: key takeaways from Jensen Huang’s speech

    • January 7, 2025
    • admin
    View Post

      Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!


      By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.
      Popular Topics
      • Trump-Musk fallout risks SpaceX deals, Tesla’s standing, and Republican unity
      • RBI delivers steepest rate cut in 5 years: experts weigh in on the possibility of more cuts
      • Musk, Trump dial back feud as White House aides push for truce
      • A new era in US politics? Donald Trump vs Elon Musk and the rise of platform power
      • Here’s why the Nifty 50 Index may surge after the RBI rate cut

      Input your search keywords and press Enter.