Tag Archives: Sales

News

Germany predicts a drop in demand for EVs in 2024

In the last year, the demand for electric vehicles in Europe has been on the rise. One of the largest manufacturers, the BMW Group, achieved an increase in EV sales in 2023 by 74.4% compared to 2022. However, now the German Association of the Automotive Industry (VDA) is predicting a drop in demand for EVs in 2024.

Of course, this does not apply to the world market, which expects a growth in demand for EVs this year as well. This could ultimately bring export growth (19 percent to 1.45 million vehicles) but also higher profits for German manufacturers.

At the end of last year, the coalition government of Chancellor Olaf Scholz completely abolished subsidies for electric vehicles, a year earlier than previously planned. Germany will sell over 524,000 fully electric cars in 2023 – more than any other market in Europe. The predicted drop in sales this year means that the share of EVs in Germany will drop from 18 to 16 percent (about 74,000 vehicles less than in 2023).

Inflation, high prices and poor infrastructure of charging stations mostly affected demand, so many manufacturers postponed the introduction of new electric models. Even the leading car rental companies are looking for alternatives for their fleets due to the high cost of maintaining electric vehicles.

The VDA expects the German car market to drop by 1 percent to 2.82 million in 2024. At the same time, the global market is forecast to grow by 2 percent to 77.4 million cars. “Problems in the supply chain have largely been resolved, but the business environment for German carmakers remains challenging,” said VDA chief economist Manuel Kallweit.

Source: German Association of the Automotive Industry – VDA

News

Renault records sales growth in 2023

Demand for Renault vehicles is on the rise, and according to data for the first eight months of 2023, sales increased by 22 percent, putting the French vehicle manufacturer in second place on the European market.

In 2023, Renault delivered 726,938 vehicles on the European market, and the most sold vehicles were from the C segment (190,535 vehicles), which is an increase of 36 percent. Individually, the highest demand was for the Austral (60,305 units) and Arkana/Conquest (59,542 units).

When it comes to the electric vehicle market, Renault delivered 200,000 units, of which hybrid vehicles recorded a growth of 48% percent compared to 2022. Fully electric cars (64,854 units) also recorded growth and the highest demand was for the Megane E-Tech (35,000 deliveries).

Globally, Renault sold a total of 1,128,885 vehicles by September 2023, which is 11% more than in the same period in 2022 (1,013,310). Also, in the third quarter, Renault delivered 356,747 vehicles, which is an increase of +11% compared to the same period last year.

Source: Renault

News

Alpine sales results in the first six months of 2023

French manufacturer of racing and sports cars Alpine has announced its sales results for the first six months of 2023. According to them, Alpine is seeing sales growth and plans to increase production to meet demand.

According to published sales results, Alpine sold 1,863 units of the A110 model in six months, which is a 9 percent increase compared to last year. June was the most successful month with 593 cars sold, which is the company’s record for monthly sales.

The main reason for Alpine’s sales growth is the production capacity of the factory. The manufacturer says that the Dieppe plant where the A110 is produced is operating at full capacity to meet the very high demand for the only model it currently produces. In fact, by the end of the decade, this factory will expand significantly to be able to produce even more cars, and then it will already be a series of electric models of different segments.

Also, Alpine intends to return to the American market by 2027, after four decades since the French manufacturer left the US after poor sales of the Le Car (Renault 5) model.

Source: Alpine