Who sold the most cars in Europe in March 2024?

Registrations fell by 2.8% (EU 27 + EFTA + UK). Electric is good, diesel a little less so

By: Eleonora Lilli

Apr 19, 2024 at 5:43am ET

Comment

The European car market has slowed its growth. In March, for the first time this year, registrations were down on the same period last year: -2.8%. According to data published today by ACEA, car registrations in all the countries of the enlarged European Union plus EFTA and the United Kingdom (EU 27 + EFTA + United Kingdom. Data for Malta is not currently available) totalled 1,383,410 units.

However, the cumulative figure for the first quarter of the year remained positive (3,395,049 units, +4.9% year-on-year). In the third month of the year, of the five main markets (including the UK), only the UK recorded growth (+10.4%), while Germany (-6.2%), Spain (-4.7%), Italy (-3.7%) and France (-1.5%) fell.

Looking instead at the fuels used by registered cars, the penetration share of pure electric cars (BEVs) reached 14.2%, once again outstripping diesel (10.1%).

Market share by engine

In the EU zone+EFTA+UK, alternative fuel cars increased by 4.9%; in particular, BEV cars fell (-11%, with a share of 14.2%), while conventional hybrids continued to rise (+15.4%, with a share of 30.6%). In all, 720,000 hybrids of all types and electric cars (52.1% of the market) were registered. Together, BEVs and PHEVs achieved a share of 21.4%.

Who's winning and who's losing?

Registrations by brand in Europe in March 2024 (EU 27+EFTA+UK) show that the Renault group continues to do well thanks to Dacia (+6.3%), while within the Volkswagen group (still leader in Europe with the largest market share) Skoda (+1.9%), Cupra (+5.2) and Porsche (+9.2%) performed well in March. Within Stellantis, only Jeep (+7.2%) recorded positive results.

Group	Share % 2024	Units in March 2024	Var % chg 24/23
Volkswagen Group	23,4%	323,773	-6,6%
Stellantis	16,5%	228,740	-8,7%
Renault	8.9%	123,603	+2.7%
Hyundai Group	8.1%	112,692	-5.6%
Toyota Group	7.4%	102,400	+10.9%
BMW Group	7%	96,961	-0.9%
Mercedes Benz	5.9%	81,717	+2.8%
Ford	3.5%	48,161	-21.7%
Nissan	3.8%	51,988	+19.3%
Volvo Cars	2.8%	38,582	+32.5%
Tesla	2.9%	40,109	-34.9%
SAIC Motor	1.9%	25,992	+8.5%
Suzuki	1.7%	24,109	+19.9%
Mazda	1.5%	20,227	-14.5%
Jaguar Land Rover Group	1.8%	24,649	+13.6%
Honda	0.9%	12,754	+64%
Mitsubishi	0.8%	11,586	+200.6%