Which carmakers are making progress in Europe over 9 months 2024?
- On an European passenger cars market (31 countries) increasing by 1% over the first 9 months of 2024, which carmakers saw their sales increase sharply and those who saw their sales decline sharply?
- Already in terms of volumes, the Volkswagen group with its eight brands remains the European market leader, occupying 26% market share in 2024 (stable compared to 2023), ahead of the Stellantis group with its eleven brands (Chrysler, Dodge and Ram are not officially marketed in Europe), which occupies 16% market share in 2024 (compared to 17% in 2023).
- Behind, the Renault group (9.6% market share, stable) is ahead of the Hyundai group (8.4% market share compared to 8.8% in 2023), the Toyota group (7.7% market share compared to 6.9% in 2023), the BMW group (6.9% market share, stable) and the Mercedes group (5.2% market share, stable).
- The carmakers making the higgest progress in 2024 are Volvo (+37%), thanks to the success of the compact EX30 electric model imported from China and Honda (+35%) thanks to the simultaneous launch of three compact SUVs. Suzuki (+16.7%) thanks to its inexpensive models, Nissan (+14.4%) thanks to the strong increase in sales of Mitsubishi, Toyota (+12.3%) thanks to the success of its Yaris and Yaris Cross hybrids. We note the good performance of SAIC-MG (+10.4%) despite the various obstacles placed in front of Chinese carmakers.
- The carmakers which will decline the most in 2024 are Ford (-17.9%), which is voluntarily abandoning the European market, Tesla (-8.7%) whose models are less attractive to the public and Stellantis (-6%) which is going through a difficult and transitional period between end of life of old models and gradual start-up of new models.