Europe November 2023: BMW (+15.6%) up to #2, Skoda (+35.6%) impresses in market slowing down its growth
BMW is the 2nd best-selling carmaker in Europe in November.
According to data by ACEA, the European new car market (EU+EFTA+UK) slows down its growth in November at +6% to 1,075,756 units. Year-to-date, the market is up 15.6% to 11,799,842 but still down -10.8% on pre-pandemic November 2019. Among the Top 5 markets, Italy is the most dynamic at +16.2%, followed by France (+14%), the UK (+9.5%), Spain (+7%) while Germany (-5.7%) disappoints with a negative result. Year-to-date, Italy (+20%) shines again with the UK (+18.6%), Spain (+17.3%), France (+16.2%) and Germany (+11.4%) in tow. Other great performing markets in November include Bulgaria (+54.2%), Cyprus (+30.1%), Greece (+29.5%), Estonia (+27.9%) and Croatia (+27.5%). Reversely Norway (-47%), Hungary (-12.6%) and Ireland (-7.2%) struggle.
BEVs gain 16.4% year-on-year in the European Union to 144,378 but this lift crashes down to +4.9% to 182,982 when adding EFTA and UK markets because of the Norwegian market’s freefall. Year-to-date BEV sales soar 39.7% to 1,813,941 and 15.4% share. Among the Top 5 markets in November, BEVs are more prevalent in France (20.2% share) and Germany (18.3%) with the UK (15.6%) not far below. In contrast Spain (7.7%) and Italy (5.6%) fare poorly. Across Europe for this month, PHEVs are down -14.1% to 91,070, HEVs up 27% to 299,748, petrol up 4.4% to 358,164 and diesel off -10.7% to 114,715.
In the groups ranking, the VW Group is up 9.2% to just under 278,000 sales, whereas Stellantis underperforms at -2.8%. Renault-Nissan-Mitsubishi (+7.9%) beats the market while Hyundai-Kia matches it. The BMW Group manages the best performance at +11.2% whereas the Toyota Group (-7%) suffers. Brand-wise, Volkswagen (-1%) isn’t in great shape again just as BMW (+15.6%) soars up to a record #2, dislodging Toyota (-8.3%) and Audi (+2.4%). Skoda (+35.6%) scores the largest year-on-year gain in the Top 17 and no additional Top 12 member is in the double-digits. Ford (-15.1%) is hit hard.
Previous month: Europe October 2023: Dacia smiles, VW cries, market up 14.1%
One year ago: Europe November 2022: Audi, Ford, Tesla shine, market up 17.4%, Model Y #1
Full November 2023 Top 10 groups and Top 25 brands below.
Europe November 2023 – groups:
PosGroupNov-23/22Oct2023/22PosFY221Volkswagen Group277,910+ 9.2%13,050,746+ 20.6%112Stellantis160,499– 2.8%21,992,352+ 5.3%223Renault-Nissan-Mitsubishi131,993+ 7.9%31,435,331+ 18.6%334Hyundai-Kia89,076+ 6.4%41,029,632+ 4.2%445BMW Group86,587+ 11.2%5818,328+ 12.2%556Toyota Group68,363– 7.0%6810,779+ 10.1%667Mercedes62,255+ 8.0%7640,210+ 9.2%778Ford Motor38,946– 15.1%8482,342+ 1.7%889Tesla36,149+ 12.9%11326,975+ 84.2%91010Volvo26,428+ 2.9%9256,619+ 20.3%109
Europe November 2023 – brands:
PosBrandNov-23/22Oct2023/22PosFY221Volkswagen111,668– 1.0%11,240,775+ 14.1%112BMW69,500+ 15.6%4651,573+ 13.2%433Toyota63,781– 8.3%2756,797+ 7.7%224Audi61,639+ 2.4%3676,979+ 22.3%365Skoda61,144+ 35.6%7623,453+ 27.4%596Mercedes59,642+ 7.9%6615,354+ 8.4%647Renault 54,839+ 5.5%5615,289+ 19.2%778Dacia47,114+ 7.6%10512,055+ 19.8%10129Peugeot45,814– 8.0%8601,181+ 4.7%8510Hyundai45,238+ 5.8%11491,587+ 2.8%111011Kia43,838+ 7.1%9538,045+ 5.6%9812Ford 38,946– 15.1%12482,342+ 1.7%121113Tesla36,149+ 12.9%19326,975+ 84.2%161814Opel/Vauxhall35,658+ 9.7%13427,988+ 8.3%131315Fiat28,499– 13.0%14355,488– 2.1%141416Citroën27,903– 3.1%15347,717– 0.7%151517Volvo26,428+ 2.9%16256,619+ 20.3%181718Nissan24,854+ 11.8%17266,082+ 23.9%171619MG (est)19,771+ 47.4%18201,985+ 103.7%202420Seat18,856+ 24.3%22226,838+ 20.3%191921Mini17,087– 3.7%23166,755+ 8.7%242022Cupra 16,533+ 38.1%20180,124+ 43.7%212223Suzuki15,782+ 27.0%21172,196+ 43.6%222324Mazda14,795+ 21.2%24167,733+ 33.4%232125Jeep10,753+ 23.1%25117,442+ 28.5%2525
Source: ACEA