Portuguese Auto Market in October 2023 maintains the momentum gained in the last months, growing for the 16th month in a row with 13,862 new car sales (+10.4%). YTD figures at 167,170 are up 32.3% from the previous year. Dacia surges 62.6% into 3rd spot.
Market Trend and Outlook
The Portuguese Auto Market in October 2023 maintains the momentum gained in the last months, growing for the 16th month in a row with 13,862 new car sales (+10.4%). YTD figures at 167,170 are up 32.3% from the previous year.
Looking at cumulative data up to October 2023 brand-wise, the leader remains Peugeot with 18,498 sales (+34.4%), followed by Renault in 2nd with 13,187 registrations (+39.1%) and Dacia -up 1 spots- with 12,326 units sold (+62.6%).
Mercedes falls 2 spots into 4th with 11,886 sales (+21.9%) followed by BMW at 11,562 (+48.7%), Volkswagen -up 2 spots- at 9,991 (+50.8%) and Toyota -down 3 spots- with 8,559 new sales (+6.1%).
Citroen falls 2 spots into 8th with 7,991 sales (+3.0%), Seat in 9th reports 6,824 units sold (+34.3%) and Opel -up 3 spots- closes the top 10 with 6,787 new car registrations (+43.4%).
Looking at specific models the Peugeot 2008 sold the most units so far, rising 37.4% from 2022. The second most sold car is the Peugeot 208 with a +39.9% in year-on-year volume.
Medium-Term Market Trend
The Portuguese auto market has had many ups and downs in the last decade. Sales fell more than 50% from 2010 to 2012, starting at 274,559 and ending at 106,748. From 2013 to 2017 the car passenger market inverted its trend, more than doubling and reaching 248,039 new car registrations. The years 2018 and 2019 were slightly negative taking sales down to 231,492 by the end of 2019.
The arrival of the pandemic in 2020 caused the market to fall 37% taking it back down to 145,417 sales.
Following the collapse of the market during the pandemic, 2021 presented a year of slight recovery with sales reaching 146,706 (+1%) and 2022 grew another 6.6% to 156,309. A combination of factors are behind the lower demand in the past years: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models
