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VW, Stellantis, Toyota, BMW See EU Jan Registration Growth

CONSUMER CYCLICALS


  • EU new car registrations rose by 12.1% units in January 2024 with gains in Germany (+19.1%), Italy (+10.6%), France (+9.2%), and Spain (+7.3%).
  • BEV sales increased by 28.9% (10.9% market share), hybrid sales rose by 23.5% (28.8% market share), and plug-in hybrids grew by 23.8% (7.8% market share).
  • Petrol sales rose 4% with market share of 35.2% (from 37.9% in Jan 23). Diesel sales contracted 4.9% with market share of 13.4% (from 15.8% in Jan 2023).
  • VW Group led manufacturer sales with an overall increase of 11.5% vs. Jan 2023, despite a 4.2% decrease in VW brand sales; BMW saw 28% growth while Stellantis and Toyota both recorded a 15% increase.
  • Renault Group sales declined by 2.9%, with a significant 14.4% decrease for the Renault brand while Mercedes saw a 7.5% decrease.
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