Toyota sales are up 15.1% year-on-year in June

According to preliminary data by ACEA, the European new car market (EU+EFTA+UK) is up 3.6% year-on-year in June to 1,310,989 sales, leading to a H1 2024 tally up 4.4% or 290,000 units to 6,879,438. Among the main 5 markets, Italy (+15.1%), Germany (+6.1%), Spain (+2.2%) and the UK (+1.1%) are up but France (-4.8%) is down. The best performing markets are Romania (+62.1%), Cyprus (+27.7%), Austria (+25.2%), Hungary (+23.9%) and Poland (+20.8%). Reversely Ireland (-50.2%), Iceland (-37.7%), Finland (-26.2%), Estonia (-19.9%), Latvia (-16.4%) and the Netherlands (-11.9%) all fall. Over H1,  all 5 main markets are in positive, with the most dynamic being the UK (+6%) ahead of Spain (+5.9%), Italy (+5.4%), Germany (+5.4%) and France (+2.8%). Bulgaria (+30.8%), Poland (+16%), Cyprus (+15%), Croatia (+14.5%), Romania (+13.4%), Hungary (+11.9%) and Malta (+11.6%) shine whereas Iceland (-38.1%), Finland (-16.5%), Estonia (-16.2%) and Latvia (-12.7%) skid.

Once again BEV sales disappoint, lagging behind the market growth rate at +0.8% to 208,872 and 15.9% share vs. 16.5% a year ago in June 2023. The largest market for BEVs is Germany at 43,412 sales (-18.1%) for a 14.6% share, followed by the UK with 34,034 (+7.4%) for a 19% share, France at 29,837 (-10.3%) for a 16.4% share, Norway at 14,001 (+9.4%) for a 80% share. H1 2024 BEV sales edge up 1.6% to 954,094 and 13.9% share vs. 14.2% over H1 2023. Germany BEV sales are off -16.4% to 184,125, the UK is up 9.2% to 167,096, France up 14.9% to 158,402, Belgium up 47.8% to 64,404 and Norway down -5.9% to 52,018. Overall in June PHEV sales are down -13.6% to 86,094, HEVs surge 24.2% to 396,294, petrol edges down -3.3% to 442,443 and diesel is at -2.2% to 145,858.

The Volkswagen Group (+3.2%) roughly matches the market atop the groups charts, distancing Stellantis (-1.8%). Renault-Nissan-Mitsubishi (+9.4%) is in great shape, but the Toyota Group does even better at +14.7%. Hyundai-Kia (-4.2%), the BMW Group (-2.1%) and Mercedes (-1.5%) all recede year-on-year. In the brands ranking, Volkswagen (+3.7%) leads the way above a surging Toyota (+15.1%) while Renault (+6.5%), BMW (+6.2%) and Skoda (+10.8%) all beat the market to round out the Top 5. Audi (-10.3%) and Mercedes (+0.9%) follow and Dacia (+8.6%) advances three spots on May to #8, outselling Peugeot (-11.1%). The best performers below are Mitsubishi (+54.8%), Volvo (+31.8%), Suzuki (+28.9%), Honda (+25.5%), Cupra (+23.4%) and MG (+23.1%). At the other end of the stick, Mini (-33.4%), Ford (-24.7%), Porsche (-12.7%) and Kia (-10.4%) struggle.

Previous month: Europe May 2024: Toyota, Skoda solid, VW T-Roc and Golf in the lead

One year ago: Europe June 2023: Audi, Tesla, MG impress, sales up 18.7%

Full June 2024 Top 10 groups and Top 30 brands below.

Europe June 2024 – groups (Source ACEA):

PosGroupJun-24/23May2024/23PosFY231Volkswagen Group337,618+ 3.2%11,761,533+ 3.4%112Stellantis205,884– 1.8%21,144,814+ 0.1%223Renault-Nissan-Mitsubishi179,722+ 9.4%3886,433+ 8.5%334Hyundai-Kia102,078– 4.2%4563,862– 2.0%445Toyota Group93,758+ 14.7%5522,585+ 16.1%566BMW Group82,136– 2.1%6467,047+ 4.8%657Mercedes62,280– 1.5%7344,809– 0.6%778Tesla45,141– 7.2%n/a164,740– 12.0%1099Ford Motor38,326– 24.7%8226,365– 16.9%8810Volvo34,607+ 31.8%9194,780+ 34.8%910

Europe June 2024 – brands (Source ACEA):

PosBrandJun-24/23May2024/23PosFY231Volkswagen143,651+ 3.7%1714,063+ 1.8%112Toyota86,623+ 15.1%2486,202+ 15.2%223Renault  81,823+ 6.5%4364,036+ 3.7%564BMW70,499+ 6.2%3397,851+ 12.4%345Skoda68,972+ 10.8%5380,627+ 11.4%476Audi64,917– 10.3%6344,459– 8.5%737Mercedes61,493+ 0.9%8333,495– 0.3%858Dacia60,395+ 8.6%11305,713+ 3.6%9109Peugeot57,023– 11.1%7345,604– 3.1%6810Hyundai53,127+ 2.3%9281,518+ 4.0%111111Kia48,951– 10.4%10282,344– 7.4%10912Tesla45,141– 7.2%21164,740– 12.0%181613Citroën43,148+ 22.7%15223,382+ 13.8%141514Opel/Vauxhall43,039– 8.6%12233,601– 3.3%121315Ford  38,326– 24.7%13226,365– 16.9%131216Fiat38,087+ 8.4%16196,908– 2.0%151417Volvo34,607+ 31.8%14194,780+ 34.8%161818MG31,482+ 23.1%19129,058+ 22.3%202019Nissan29,875+ 11.2%18176,450+ 18.2%171720Seat26,738+ 10.7%17148,153+ 10.6%191921Cupra 24,205+ 23.4%20111,241+ 20.8%222122Suzuki21,505+ 28.9%22115,210+ 27.6%212223Mazda19,043+ 9.8%2393,352– 0.4%232424Jeep12,177+ 1.9%2470,834+ 10.6%242525Mini11,637– 33.4%2669,196– 24.3%252326Land Rover11,626+ 5.4%2568,929+ 12.4%262627Porsche8,192– 12.7%2758,338+ 9.6%272728Lexus7,135+ 10.1%2836,383+ 28.8%302929Mitsubishi6,794+ 54.8%3037,665+ 88.1%29n/a30Honda6,057+ 25.5%2941,294+ 44.2%2828

Source: ACEA