Car sales in Europe in Q1 2024

Car sales in Europe in Q1 2024

High car prices, market concerns and general uncertainty did not prevent buyers in Europe from purchasing 3.395 million cars in Q1 2024, which is 4.9% more than in Q1 2023. Although car sales in March dropped by 5, 2%, the best-selling cars in Europe were Dacia Sandero and Tesla Model Y.

The price of new electric cars is constantly on the rise, so it is understandable that those who own cars powered by internal combustion engines do not easily switch to EVs. All of them are looking for a vehicle that meets their budget as well as their daily needs. That is why Dacia Sandero is the leader on the European market with 71,363 (+19%) cars delivered.

In the first three months of 2024, the new generation of VW Golf had a good result with 63,918 (+49%) delivered cars. This makes it the second best-selling car in Europe and a serious rival to the Dacia Sandero in the next nine months. Also, Peugeot 208 achieved sales growth of 10% (58,363 delivered cars). Last year’s European number one, the Tesla Model Y, was the best-selling electric model in Europe for the first three months, even though it recorded a 19% drop in sales (58,259 units) compared to the same period in 2023. This makes it the fourth best selling car overall.

When it comes to other models, sales growth was achieved by Citroen C3 with 38% (54,035 delivered cars), Škoda Octavia with 37% (52,095 units), Renault Clio with 18% (51,896 units), and Nissan Qashqai with 21% (48,909 units), which closed the list of ten best-selling models in Q1 2024 in Europe.

The drop in sales in the first three months was recorded by the Toyota Yaris Cross with 3% (51,483 units), although it was the best-selling crossover in the B segment. Also, the best-selling model in the C segment, the Volkswagen T-Roc, recorded a 10% drop in sales (49,534 units).

Source: Reuters