Tag Archives: Sales results

Renault Group recorded sales growth in 2024

In 2024, Renault Group sold 2.26 million vehicles worldwide, and the best-selling French brand Renault sold 1,577,351 passenger and light commercial vehicles, an increase of 1.8% compared to 2023.

On the European market, Renault sold 1,009,672 vehicles, which is a growth of 3.3 percent compared to the same period a year earlier. The French brand is pursuing its strategy by relying on its well-known hybrid offer (40% of sales) and, on the other hand, on its 100% electric offer, which has won two consecutive Car of the Year awards (Scenic E-Tech and Renault 5 E-Tech – the best-selling electric vehicle in France in the last two months of last year). Renault is also performing positively in the light commercial vehicle market, where it is the leader in Europe with 310,458 registrations (+4.6%).

Other brands from the Renault Group are also recording positive results. Dacia sold 676,340 cars worldwide, which is 2.7 percent more than the previous year, with significant market share growth in Italy (+13.1%), Spain (+12.4%), Belgium and Luxembourg (+15 .4%), but also to Morocco (+16.3%). This was achieved thanks to the brand’s top-selling models: Sandero, Duster, Jogger and Spring. The same is expected this year, when the Bigster model will hit the market, for which orders are open at the beginning of January.

Alpine also recorded sales growth compared to the previous year with 4,585 vehicles sold (+5.9%). The brand’s strongest markets were Italy (+37.5%), the United Kingdom (+24.9%), Spain (+19.3%) and Germany (+10.6%), while 2024 was marked by the arrival of the first fully electric hot hatch, the A290 GTS.

Dacia Sandero is still a hit, retaining its position as the best-selling car in Europe in 2024 with more than 300,000 deliveries.

Source: Renault Group

Ford sold more Mach-Es than Mustangs

Since the Mustang Mach-E hit the market in 2021, few expected it to outsell the combustion engine model. That happened in 2024, when Ford delivered 51,745 units of its first all-electric crossover.

According to the published data for 2024, Ford sold 44,003 units of the legendary Mustang model, which is 7,742 units less than the Mach-E. For many, this is a surprise, because demand for EVs last year was not at the expected level. In fact, demand for the standard Mustang has been falling year after year, and Ford’s decision to quickly switch to an all-electric brand was too hasty. But Ford is stubborn, as demonstrated by the launch of the all-electric Puma Gen-E which will join the hybrid version.

In 2024, sales of the Mustang Mach-E increased by 27 percent compared to 2023. The model had a successful last quarter thanks to 16,119 units sold, an increase of 35.6 percent compared to the same period in 2023.

Ford recently announced the arrival of a new SUV that should be the successor to the EcoSport. It will have a robust and adventurous design, as well as a different driving range. Although it was speculated that only an all-electric version would be offered, there are high chances that both a hybrid and a mild hybrid will be offered, as this is what European customers are most looking for.

Source: Ford

BMW recorded a 61% drop in profits in Q3 2024

European manufacturers have been in crisis for a long time, and Q3 2024 was devastating for most of them. One of those that recorded a big drop in sales in the last three months is BMW with a 61% lower profit compared to the same period last year.

The biggest reason for the drop in profits is the problem with the brakes on the cars, which affected more than 1.5 million cars, and delivery delays are expected for about 320,000 cars. Also, the second big reason is the decline in sales in China, so BMW reduced its plans with the expectation of growth until the end of 2024. “After the exceptional challenges of the third quarter, in the fourth quarter we are back on track for higher profits in order to achieve our annual targets,” said BMW CEO Oliver Zipse.

Last month, BMW reported that its sales in China fell by 1/3 in the third quarter. Other German automakers such as Volkswagen and Mercedes-Benz are also struggling with declining sales in China due to a weak economy and intense competition.

Source: BMW