Czech Republic Autos sales in October 2023 at 19,231 rise for the 10th consecutive month (+18.5%). YTD figures reach 185,737 and are up 16.9% from the previous year.
Market Trend and Outlook
Spillovers from Russia’s war of aggression against Ukraine have derailed the Czech Republic’s post-pandemic recovery. Inflation is high and a tight macroeconomic policy stance is needed to restore price stability. The Czech labour market remains strong. The unemployment rate is low, and the employment rate and job security are high. However, severe labour and skills shortages are a major obstacle to growth.
The Czech economy remains highly energy intensive, still relies heavily on coal and records high greenhouse gas emissions. Major investments are needed to alter the energy mix and to improve energy efficiency. More ambitious environmental policies and an improved investment climate could help make growth more sustainable.
Despite overall economic growth stagnating, in 2023 the Czech Auto Market maintains steady growth, with sales in October rising for the 10th consecutive month and reaching 19,231 new monthly registrations (+18.5%). YTD figures at 185,737 are up 16.9% from the previous year.
Looking at cumulative data up to October 2023, brand-wise Skoda ranks in 1st position with 65,434 new sales (+26.5%), posting a huge lead on the runner up ,Hyundai, with only 17,213 registrations (+6.4%). Volkswagen in 3rd reports 16,432 sales (+22.1%) in front of Toyota with 14,854 sales (+50.4%) and Kia in 5th with 9,649 (+14.0%).
Mercedes rises 2 spots into 6th with 7,153 sales (+22.7%), followed by Dacia -down 1 spot- at 6,258 (-18.7%), BMW with 5,007 units sold (+29.0%), Ford at 4,960 sales (-22.0%) and Peugeot -down 1 spot- with 3,749 registrations (-11.7%).
Looking at specific models the top two best sellers are held by Skoda: in 1st ranks the Skoda Octavia up 54.4% in year-on-year sales, followed by the Skoda Fabia down 16.8%.
Medium-Term Market Trend
The Czech auto market from 2010 to 2017 presented an overall uptrend, reporting negative yearly variations only in 2012 (-3.5%) and 2013 (-9.0%). From 2014 to 2017 the market reached higher all time highs 4 years in a row, ending 2017 at a maximum of 266,753. In the following years the trend reversed, with 2018 resulting in a 2.4% loss and 2019 a -5.5% variation that would bring sales down to 246,033.
The arrival of the pandemic in 2020 caused the Czech car market to fall further, dropping 19% to 199,025 sales.
Following the Covid-19 crisis, in 2021 the market recovered 4%, just enough to get back above the 200k mark. The good news did’t last long, with sales falling 6.9% to 190,663 in 2022. A combination of factors are behind the current industry struggle: 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, an expensive alternative for low income consumers.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 models.
