Tag Archives: Sales results

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

News

Porsche sales results in Q1 2024

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

News

Volvo sales results for Q1 2024

Q1 2024 is behind us and car manufacturers summarize their sales results. One of them is Volvo, which is more than satisfied with its sales because last month was the best March in the history of this Swedish manufacturer.

According to published data, Volvo sold 182,687 cars worldwide in Q1 2024, which is 12 percent more than in Q1 2023. Also, March was the most successful month in the company’s history with 78,970 cars delivered worldwide, which is 25 percent more than the same month in 2023.

“We are making good progress towards our annual sales target of at least 15 percent growth and in the months ahead we will focus on ramping-up sales of our EX30,” says Björn Annwall, Volvo Cars’ chief commercial officer & deputy CEO.

When it comes to sales of electric and PHEV hybrids, Volvo recorded sales growth of 24 percent with 33,558 units sold. It should also be noted that 23 percent of total sales in March were fully electric models, which is a good sign for a company that is striving to become fully electric by the end of the decade.

On the old continent, Volvo delivered 39,756 units, which is 33 percent more compared to the same period last year. Volvo was also successful in other markets with 15,315 cars (+50%) delivered in the US and 14,005 cars (+21%) in China. In March, Volvo delivered 22,402 units (+63%) and the Volvo XC60 remained the most popular model in the fleet. Other models such as the XC40 (20,557 units) and XC90 (10,826 units) achieved notable results.

Source: Volvo