MG sales in Europe rose 108.7% year-on-year in February.
According to preliminary ACEA data, the European market (EU+EFTA+UK) grew 10.2% on almost 100,000 year-on-year sales in February to 995,059 units. After two months, total volume was up 10.9%, or nearly 200,000 units, to 2,012,136. Among the top five markets, the UK fared best (+14%), followed by France (+13%) and Italy (+12.8%). Spain (+9.9%) and Germany (+5.4%) lag behind market growth. Other excellent results included Bulgaria (+57.5%), Cyprus (+48.5%), Portugal (+27.4%), Ireland (+25.3%) and Malta (+22.5%). At the other end of the scale are Iceland (-57.5%), Latvia (+17.8%), Finland (-12.2%), Estonia (-9.8%) and Romania (-8.9%).
Electric vehicle sales are in line with the market at +10.3% to 131,223 and a 13.2% share, unchanged year-over-year. Sales of electric vehicles in France increased by 31.8%, in Spain by 15.4%, in the UK by 21.8%, in Italy by 3.1% and in Germany by -15.4%. Year to date BEVs are up 18.6% to 252,072 and 12.5% up from 11.7% a year ago, with France up 33.9%, UK up 21.3%, Spain up 14 .9%, Germany decreased by -1.3% and Italy decreased by -2.7. %. PHEV sales rose 12% to 72,376 for the month and 17.9% YTD to 152,641, HEV sales rose 24.2% to 287,394 and 23% YTD to 584,463, gasoline rose 5. 9% to 354,776 and down 4.5% YTD to 720,239, while diesel falls -5.1% to 119,428 and is down -5.5% YTD to 239,852.
In the group rankings, VW Group (+8.7%) trails the market slightly, but remains dominant with sales of more than 255,000 vehicles. It was followed by Stellantis (+11.2%) and Renault-Nissan-Mitsubishi (+11.7%), both above market growth. The Toyota group (+14.4%) demonstrates brilliant results, but remains below Hyundai-Kia (+2.3%) in terms of difficulties. BMW Group (+7%) is feeling shy, while Mercedes (-2.1%) and, more dramatically, Ford Motor (-16.7%) are struggling.
From a brand perspective, Volkswagen (-0.6%) suffers its only annual loss at the top of the charts, but remains in first place with a 26,000-unit lead over second-place Toyota (+12.4%). Peugeot (+8.5%) moved up three places in January to No. 3 and now ranks No. 4 year-to-date, up from No. 8 for all of 2023. Skoda (+14%) is very firmly in 4th place and is now No. 3 YTD versus No. 7 in FY2023. BMW (+11.7%) drops two places to fifth position, followed by Renault (+6.7%) and Dacia (+4.7%), both weak. Mercedes (-3.8%) and Audi (-6%) suffer below. This is followed by Citroen (+26.7%), Seat (+37.9%), Volvo (+33.9%), Suzuki (+50.8%), Cupra (+59.8%) and MG (+ 108.7%).
Ratings for all brands and models will be uploaded to the data section of this article when they become available to us.
Previous month: Europe, January 2024: BMW and Peugeot show market growth of 11.5%.
One year ago: Europe February 2023: Dacia and Alfa Romeo impress with seventh consecutive rise (+12.2)
Full February 2024 Below are the top 10 bands and top 30 brands.
Europe February 2024 – Groups (Source: ACEA):
Pos. | Group | 24 February | /23 | Ian | 2024 | /23 | Pos. | FY23 |
1 | Volkswagen Group | 255 962 | + 8.7% | 1 | 516 668 | + 9.2% | 1 | 1 |
2 | Stellantis | 185 897 | + 11.2% | 2 | 369 106 | + 14.1% | 2 | 2 |
3 | Renault-Nissan-Mitsubishi | 126 363 | + 11.7% | 3 | 251 423 | + 9.3% | 3 | 3 |
4 | Hyundai-Kia | 79 130 | + 2.3% | 4 | 165 654 | + 1.7% | 4 | 4 |
5 | Toyota Group | 74 895 | + 14.4% | 5 | 159 980 | + 12.8% | 5 | 6 |
6 | BMW Group | 61,536 | + 7.0% | 6 | 129 283 | + 13.9% | 6 | 5 |
7 | Mercedes | 48,982 | – 2.1% | 7 | 91 240 | – 6.2% | 7 | 7 |
8 | Ford Motor | 32,643 | – 16.7% | 8 | 68 285 | – 11.4% | 8 | 8 |
9 | Tesla | 28 211 | + 20.1% | 10 | 46 243 | + 40.7% | 10 | 9 |
10 | Volvo | 26,884 | + 33.9% | 9 | 52,864 | + 29.3% | 9 | 10 |
Europe February 2024 – Brands (Source: ACEA):
Pos. | Brand | 24 February | /23 | Ian | 2024 | /23 | Pos. | FY23 |
1 | Volkswagen | 96 291 | – 0.6% | 1 | 192 642 | – 2.1% | 1 | 1 |
2 | Toyota | 70 149 | + 12.4% | 2 | 149 948 | + 11.1% | 2 | 2 |
3 | Peugeot | 58 080 | + 8.5% | 5 | 115 497 | + 15.4% | 4 | 8 |
4 | Skoda | 57,962 | + 14.0% | 4 | 119 062 | + 16.7% | 3 | 7 |
5 | BMW | 50 744 | + 11.7% | 3 | 107 428 | + 19.3% | 5 | 4 |
6 | Renault | 49 552 | + 6.7% | 10 | 90 582 | – 2.8% | 8 | 6 |
7 | Dacia | 46,839 | + 4.7% | 7 | 98 505 | + 6.3% | 7 | 10 |
8 | Mercedes | 46 700 | – 3.8% | eleven | 87 569 | – 6.9% | 9 | 5 |
9 | Audi | 46 467 | – 6.0% | 6 | 98 900 | + 1.3% | 6 | 3 |
10 | Hyundai | 40 051 | + 5.6% | 9 | 81 838 | + 5.9% | eleven | eleven |
eleven | Kia | 39,079 | – 0.9% | 8 | 83 816 | – 2.0% | 10 | 9 |
12 | Citroen | 36,663 | + 26.7% | 14 | 69 331 | + 23.6% | 13 | 15 |
13 | Opel/Vauxhall | 34 191 | + 1.2% | 12 | 73,521 | + 17.4% | 12 | 13 |
14 | Fiat | 34 003 | + 11.1% | 15 | 63,529 | + 1.6% | 15 | 14 |
15 | Ford | 32,643 | – 16.7% | 13 | 68 285 | – 11.4% | 14 | 12 |
16 | Seat | 28,509 | + 37.9% | 18 | 53,842 | + 32.1% | 16 | 19 |
17 | Tesla | 28 211 | + 20.1% | 19 | 46 243 | + 40.7% | 19 | 16 |
18 | Volvo | 26,884 | + 33.9% | 17 | 52,864 | + 29.3% | 17 | 18 |
19 | Nissan | 23,834 | + 22.7% | 16 | 51,076 | + 31.4% | 18 | 17 |
20 | Suzuki | 18 142 | + 50.8% | 22 | 33,837 | + 37.0% | 20 | 22 |
21 | Cupra | 16,925 | + 59.8% | 21 | 32,748 | + 66.8% | 22 | 21 |
22 | MG | 16 148 | + 108.7% | 20 | 33,056 | + 57.4% | 21 | 20 |
23 | Mazda | 12,262 | – 1.8% | 23 | 24,864 | – 9.4% | 23 | 24 |
24 | Jeep | 11 260 | + 15.9% | 24 | 23 412 | + 19.0% | 24 | 25 |
25 | Mini | 10,792 | – 10.8% | 25 | 21,855 | – 6.6% | 25 | 23 |
26 | Porsche | 9.265 | + 41.3% | 27 | 18,258 | + 16.9% | 26 | 27 |
27 | Land Rover | 6665 | + 13.1% | 26 | 17,016 | + 22.3% | 27 | 26 |
28 | Mitsubishi | 5.837 | + 143.5% | thirty | 10,748 | + 119.7% | 29 | n/a |
29 | Honda | 5,414 | + 47.1% | 28 | 11,378 | + 35.9% | 28 | 28 |
thirty | Lexus | 4746 | + 55.4% | 29 | 10,032 | + 45.0% | thirty | 29 |
Source: ACEA