The brand new automotive market in 2024 revealed winners and losers amongst carmakers as they battled for gross sales in a market skewed by the ZEV Mandate.
Automobile makers that discovered the going powerful embody Ford, which fell -23.7% for the 12 months adopted by Stellantis owned Vauxhall which was down -21-4% for the interval, adopted by Porsche (-17.5%), Fiat (-14.1%) and Suzuki ((-13.2%).
On the different finish of the spectrum Renault gross sales rose 36.2% for the 12 months, adopted by Volvo (+32.3%), Honda (+21.2%), Cupra (+18.5%) and Mercedes-Benz (+17.1%).
New Chinese language entrants to the UK market noticed gross sales rocket from low bases. BYD was up 659% to eight,788 models, Ora was up 27.6% to 1,162 models and Omoda has gross sales of three,620 from a standing begin.
The SMMT known as for the ZEV Mandate – guidelines stipulating that 22% of latest vehicles bought in 2024 be electrical – be amended to mirror true demand out there.
Mike Hawes, SMMT CEO, stated, “A file 12 months for EV registrations underscores car producers’ loyal dedication to a decarbonised new automotive market, with extra alternative, higher vary and elevated affordability than ever earlier than.
“This has come at big price, nonetheless, with the billions invested in new fashions being supplemented by beneficiant incentives that are unsustainable.
“We need rapid results from the regulatory review and urgent substantive support for consumers – else automotive investments will be at risk and the jobs, economic growth and net zero ambitions we all share in jeopardy.”
Model YoY % enhance
BYD
658.89
Jeep
192.68
sensible
152.36
Maxus
138.46
Fisker
61.88
Renault
36.25
Volvo
32.33
Ora
27.55
Alpine
24.92
Different Imports
22.16
Honda
21.22
Cupra
18.47
Mercedes-Benz
17.06
Jaguar
16.73
Abarth
15.91
Land Rover
14.80
SEAT
14.31
Nissan
12.28
Skoda
12.25
BMW
12.11
Peugeot
10.42
Dacia
9.79
Alfa Romeo
7.76
Hyundai
5.39
Lexus
4.31
Kia
4.16
Different British
2.77
Whole
2.61
Volkswagen
2.60
Tesla
1.54
Subaru
0.42
MG
0.30
Jaecoo
0.00
KGM
0.00
Omoda
0.00
Skywell
0.00
Ssangyong
0.00
MINI
-1.30
Citroen
-1.81
Mazda
-6.77
Toyota
-7.66
Audi
-10.95
Genesis
-11.16
Suzuki
-13.23
Fiat
-14.13
Porsche
-17.50
Vauxhall
-21.43
Ford
-23.68
Bentley
-29.95
Polestar
-30.69
Maserati
-47.42
DS
-52.06
Ineos
-60.09
Chevrolet
-99.02
(Supply: SMMT)
