Europe February 2024: Market up 10.2% year-on-year


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

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