Like January, February was the best second month of the year for the last three years in Belgium and Luxembourg. 39 883 cars were registered, 23,9% more than last year. Growth was registered in the company car market (+30,8%) and in the individual buyers market (+13,5%).
For the first two months of the year, the cumulative increase was +20,5% compared to 2022. Light commercial vehicles increased by 10,3% in February, light trucks by 41%, and heavier trucks (+ 16 tons) by 14,8%. Two-wheelers sales increased by 7,5%.
The battle for first place between the different brands is swelling. In February, Volkswagen is leading (but only just), with 3 673 cars sold (+49,6% compared to last year), against 3 650 for BMW (+36,4%). Third to fifth place is occupied by Peugeot (+20,3%), Audi (+15,3%), and Mercedes (+6%).
Looking at the two consecutive months of this year, BMW is still comfortably number one, with a 9,78% market share, followed by Volkswagen (8,71%), Mercedes (7,87%), Peugeot( 7,56%) and Audi (6,81%). Toyota is a strong number six with a 6,21% market share, while Renault (4,68% share, -20,1%) had to cease seventh place to Volvo (4,87% share, +37%).
Other noticeable growers in February were Skoda (+74%), Opel (+29,9%), Dacia (+31,2%), Ford (+29,5%), Hyundai (+26,6%), and Seat (+36,7%). Tesla (18th in the ranking) grew 58,3%, Land Rover an encouraging 190%, and Cupra a whopping 505,5%. Porsche, Jeep, and DS also did well (all some 40% up), while Suzuki, Alfa Romeo, and MG more than doubled their sales (+116,5,% +121,4%, and +162,2%, respectively). Ferrari and Alpine did well, too (+30% and +175%), but we’re talking very small absolute figures here.
Despite the registration growth, there were some losers too. Renault regressed by 15,4%), Mini lost almost a fourth (-24,8%), and Honda and Polestar lost almost half compared to February 2022 (-43,9% and -42,9%, respectively).
In France, the market is also growing, but it is going slowly, and with 126 237 cars sold in February, figures remain largely onder those pre-pandemic (+ 160 000 in February 2020). The biggest winners in the Hexagon are Dacia (+33,9%, 9,4% market share) and Toyota (+27,9%, 6,6% market share).
Stellantis Group remains the market leader overall but lost 4%. Opel and DS did well (both 18,4% up), but couldn’t compensate for Citroën (-23,7%) and Fiat (-12,9%).
Electric cars now represent 16%of all registrations in France (12% last year in February); Tesla stays leader but regresses slightly (-5,8%). A notorious newcomer is MG, where the MG4 is becoming very popular.
Ready to join the conversation?
You must be an active subscriber to leave a comment.