Tag Archives: Sales results

News

BMW sales results in six months of 2024

2023 was a successful year for many companies when it comes to sales, and some continued on the same path in the first six months of 2024. One of them is BMW, which recorded sales growth in the first half of 2024, with over a million vehicles delivered worldwide.

BMW is still the leader in the segment of premium cars. According to the Bavarian manufacturer, in the first six months BMW sold 1,096,486 cars worldwide, which is a growth of 2.3 percent compared to the same period in 2023. Although the biggest growth was recorded in the sale of electric cars, and 180,000 of them got new owners (+34%), customers still mostly opt for cars powered by internal combustion engines and hybrids.

When it comes to competition, in second place in the ranking of premium brands was Mercedes-Benz, which, although it delivered around 960,000 cars worldwide, recorded a 6 percent drop in sales. Also, in the segment of battery cars, they sold only 93,400 units (-17%). Audi is in third place with 833,000 cars delivered, which is also a drop of 8 percent compared to the same period in 2023. In the segment of battery cars, the company based in England recorded a growth of 1.3%.

Speaking of models, the highest demand was for the 7 Series, which recorded a 22 percent increase in sales, and other models such as the 3 Series and X1 also achieved excellent results.

The highest demand was in their biggest market (Europe), where 460,144 vehicles were delivered (+2.6%), and a positive result was also achieved in the American market (+2.1%). In Asia, BMW delivered 493,364 cars (-3.6%), of which 375,947 cars in China, a drop of 4.2%.

Source: BMW

News

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

News

Car sales in the EU drop by 5.2%

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