Tag Archives: Sales results

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Car sales in Europe in Q1 2024

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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

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Car sales in the EU drop by 5.2%

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The price of new cars is on the rise and so is the demand. Customers are looking for compact and fuel-efficient cars, especially hybrids. However, last month car sales in the EU dropped by 5.2 percent compared to the same period in 2023.

According to ACEA (European Automobile Manufacturers’ Association), last month’s sales led to a change in the market structure, so electric cars now have a 13% market share (-0.9%), while hybrid cars recorded a growth of 4.6% (29 %). Gasoline and diesel cars still have a high market share of 47.8 percent, although they recorded a decline of 4%.

In March, 134,397 electric cars were sold on the EU market, which is 11.3 percent less than in 2023. The German market recorded the biggest drop of 28.9 percent, while demand for BEVs in Belgium and France increased (+23.8% / 10.9%).

When it comes to hybrids, France and Italy are one of the biggest markets for these cars, where demand grew by 29.6% (France) and 8.3% (Italy). This segment achieved sales of 299,426 units (29 percent of the market). Demand for plug-in hybrids dropped by 6.5% in March, with 73,029 PHEV vehicles sold. It should be noted that Belgium (-15.3%) and Germany (-4.5%) had the worst results. France is one of the few countries that managed to achieve sales growth (3.6%).

Diesel and gasoline cars had the worst results. Sales of gasoline cars fell by 10.2%, the most in France (-17.7%), Spain (-10.1%) and Germany (-3.4%), while Italy was the only one to record growth (5.7%). Also, diesel cars had a drop in demand of 18.5%, mostly in France (-32.1%), Spain (-38%) and Italy (-27.6%), while in Germany demand fell by 0.5%.

Source: ACEA

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Porsche sales results in Q1 2024

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Even in times of global economic uncertainty, Porsche remains desirable and exclusive. In 2023, the sports brand delivered 320,221 cars, which was 3 percent more compared to the same period in 2022. However, Porsche sales in Q1 2024 did not continue on that path. In the first three months of this year, Porsche delivered 77,640 vehicles, which is 4 percent less than in Q1 2023.

This year is the year of electrification when Porsche launches several fully electric and hybrid models such as the Macan, Panamera, Taycan and 911. When it comes to models, positive sales results were recorded by the Porsche Cayenne with 28,025 units (+20 percent) , the 911 with 12,892 cars sold (+17%), and the 718 Boxster and 718 Cayman models with 5,772 deliveries (+20%). Other models recorded a drop in sales compared to the same period in 2023. The Panamera was delivered in 6,139 units (-28 percent), while the Taycan achieved a huge drop compared to Q1 last year (-54 %) with 4,236 cars delivered. The Porsche Macan also recorded a 14% drop in sales (20,576 cars). However, the recently introduced all-electric Macan is announcing better results as a large number of orders have been received.

“Despite the ramp-up of the new launches, delays in delivery due to regulatory requirements in North America and the still challenging market situation in China, we were able to maintain deliveries at a stable level,” says Detlev von Platen, Member of the Executive Board for Sales and Marketing at Porsche AG.

When it comes to individual markets, Porsche had the best results in Germany where it delivered 11,274 cars (+37%), while in the rest of Europe it delivered 20,044 cars (+9%). Other markets recorded a decline in sales, which can be attributed to the currently tense economic situation in the Chinese market. In China, Porsche sold only 16,340 vehicles (-24%), while in North America it delivered 15,087 vehicles, which is 23% less compared to Q1 2023. In the rest of the world, 14,895 cars were sold (+14).

Source: Porsche