MG sales in Europe are up 108.7% year-on-year in February.

According to preliminary data from ACEA, the European market (EU+EFTA+UK) climbs up 10.2% per almost 100,000 sales year-on-year in February to 995,059 units. After two months, the cumulative volume is up 10.9% or nearly 200,000 units to 2,012,136. Among the Top 5 markets, the UK fares best at +14%, followed by France (+13%) and Italy (+12.8%). Spain (+9.9%) and Germany (+5.4%) are below the market growth. Other great performers include Bulgaria (+57.5%), Cyprus (+48.5%), Portugal (+27.4%), Ireland (+25.3%) and Malta (+22.5%). At the other end of the scale, Iceland (-57.5%), Latvia (+17.8%), Finland (-12.2%), Estonia (-9.8%) and Romania (-8.9%) skid.

Sales of BEVs match the market at +10.3% to 131,223 and 13.2% share, unchanged year-on-year. French BEV sales shoot up 31.8%, Spain is up 15.4%, UK up 21.8%, Italy up 3.1% but Germany is down -15.4%. Year-to-date BEVs are up 18.6% to 252,072 and 12.5% share vs. 11.7% a year ago, with France up 33.9%, UK up 21.3%, Spain up 14.9%, Germany down -1.3% and Italy off -2.7%. PHEV sales are up 12% to 72,376 for the month and up 17.9% year-to-date to 152,641, HEVs soar 24.2% to 287,394 and 23% year-to-date to 584,463, petrol is up 5.9% to 354,776 and up 4.5% YTD to 720,239 and diesel drops -5.1% to 119.428 and is off -5.5% YTD to 239,852.

In the groups ranking, the VW Group (+8.7%) trails the market slightly but remains ultra dominant at over 255,000 sales. It is followed by Stellantis (+11.2%) and Renault-Nissan-Mitsubishi (+11.7%) both above the market growth. The Toyota Group (+14.4%) shines but remains below Hyundai-Kia (+2.3%) in difficulty. The BMW Group (+7%) is shy while Mercedes (-2.1%) and more dramatically Ford Motor (-16.7%) struggle. 

Brand-wise, Volkswagen (-0.6%) endures the only year-on-year loss atop the charts, but stays #1 with a 26,000-unit advantage over the #2, Toyota (+12.4%). Peugeot (+8.5%) rallies back up three spots on January to #3 and now ranks #4 year-to-date vs. #8 over the Full Year 2023. Skoda (+14%) is very solid at #4 and is now #3 YTD vs. #7 over FY2023. BMW (+11.7%) drops two ranks to #5 and is followed by Renault (+6.7%) and Dacia (+4.7%) both weak. Mercedes (-3.8%) and Audi (-6%) suffer below. Further down, Citroen (+26.7%), Seat (+37.9%), Volvo (+33.9%), Suzuki (+50.8%), Cupra (+59.8%) and MG (+108.7%) stand out.

All brands and all models rankings will be uploaded to the data section of this article when made available to us.

Previous month: Europe January 2024: BMW, Peugeot shine in market up 11.5%

One year ago: Europe February 2023: Dacia, Alfa Romeo impress in 7th lift in a row (+12.2)

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

Europe February 2024 – groups (Source: ACEA):

PosGroupFeb-24/23Jan2024/23PosFY231Volkswagen Group255,962+ 8.7%1516,668+ 9.2%112Stellantis185,897+ 11.2%2369,106+ 14.1%223Renault-Nissan-Mitsubishi126,363+ 11.7%3251,423+ 9.3%334Hyundai-Kia79,130+ 2.3%4165,654+ 1.7%445Toyota Group74,895+ 14.4%5159,980+ 12.8%566BMW Group61,536+ 7.0%6129,283+ 13.9%657Mercedes48,982– 2.1%791,240– 6.2%778Ford Motor32,643– 16.7%868,285– 11.4%889Tesla28,211+ 20.1%1046,243+ 40.7%10910Volvo26,884+ 33.9%952,864+ 29.3%910

Europe February 2024 – brands (Source: ACEA):

PosBrandFeb-24/23Jan2024/23PosFY231Volkswagen96,291– 0.6%1192,642– 2.1%112Toyota70,149+ 12.4%2149,948+ 11.1%223Peugeot58,080+ 8.5%5115,497+ 15.4%484Skoda57,962+ 14.0%4119,062+ 16.7%375BMW50,744+ 11.7%3107,428+ 19.3%546Renault  49,552+ 6.7%1090,582– 2.8%867Dacia46,839+ 4.7%798,505+ 6.3%7108Mercedes46,700– 3.8%1187,569– 6.9%959Audi46,467– 6.0%698,900+ 1.3%6310Hyundai40,051+ 5.6%981,838+ 5.9%111111Kia39,079– 0.9%883,816– 2.0%10912Citroën36,663+ 26.7%1469,331+ 23.6%131513Opel/Vauxhall34,191+ 1.2%1273,521+ 17.4%121314Fiat34,003+ 11.1%1563,529+ 1.6%151415Ford  32,643– 16.7%1368,285– 11.4%141216Seat28,509+ 37.9%1853,842+ 32.1%161917Tesla28,211+ 20.1%1946,243+ 40.7%191618Volvo26,884+ 33.9%1752,864+ 29.3%171819Nissan23,834+ 22.7%1651,076+ 31.4%181720Suzuki18,142+ 50.8%2233,837+ 37.0%202221Cupra 16,925+ 59.8%2132,748+ 66.8%222122MG16,148+ 108.7%2033,056+ 57.4%212023Mazda12,262– 1.8%2324,864– 9.4%232424Jeep11,260+ 15.9%2423,412+ 19.0%242525Mini10,792– 10.8%2521,855– 6.6%252326Porsche9,265+ 41.3%2718,258+ 16.9%262727Land Rover6,665+ 13.1%2617,016+ 22.3%272628Mitsubishi5,837+ 143.5%3010,748+ 119.7%29n/a29Honda5,414+ 47.1%2811,378+ 35.9%282830Lexus4,746+ 55.4%2910,032+ 45.0%3029

Source: ACEA