Luxembourg Car Market in October 2023 reports 4,152 new sales (+19.8%), growing for the 10th month in a row after losing 48.2% in December 2022. YTD figures at 42,124 are up 18.6% from the previous year. Tesla rises 149.2% into 8th spot.

Market Trend and Outlook

The Luxembourg Car Market in October 2023 reports 4,152 new sales (+19.8%), growing for the 10th month in a row after losing 48.2% in December 2022. YTD figures at 42,124 are up 18.6% from the previous year.

Looking at cumulative data up to October 2023 brand-wise, Volkswagen is still the leader with 5,5055 sales (+20.0%), followed by BMW -up 2 spots- with 4,094 (+32.9%), Mercedes -down 1 spot- at 3,648 sales (+5.3%) and Audi with 3,343 sales (+3.3%).

In 5th ranks Skoda at 2,480 sales (+54.0%), followed by Peugeot -down 1 spot- at 2,198 (-25.3%) and Renault in 7th with 2,082 registrations (+58.9%).

Tesla rises 12 spots into 8th with 1,423 sales (+149.2%), followed by Fiat in 9th at 1,324 (-0.5%) and finally Opel in 10th position with 1,313 cumulative sales (-8.6%).

Medium-Term Market Trend

The car market in Luxembourg between 2010 and 2019 hasn’t had any major fluctuations, with year-on-year variations moving between a -7.5% in 2013 and a maximum of +6.6% in 2014. The market reached a peak in 2019 at 54,749 sales.

The following year the pandemic arrived causing the car market in Luxemburg to collapse 17.6% reaching 45,097 sales by the end of 2020, lowest level of sales of the decade.

Post-Covid in 2021 sales grew back slightly reaching 47,156 (+4.6%). While in 2022 sales dropped 10.7% to 42,087.

The car market in 2023 will have to confront some issues within automotive industry that put negative pressure on sales: 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 and top 10 Manufacturers Group.

Market Trend and Outlook

The Slovenian auto market in October 2023 grows for the second month after falling 3.1% in August, reporting 3,808 sales (+11.3%). YTD figures at 41,377 are up 3.5% from the previous year.

Looking at cumulative data up to October 2023, brand-wise the leader remains Volkswagen with 6,212 sales (-0.9%), followed by Skoda with 4,570 (+14.2%) and Renault with 3,640 registrations(+4.3%).

Toyota rises 1 spot into 4th with 2,794 (+5.3%), in front of Kia at 2,229 (-9.8%), Peugeot with 2,138 (-0.8%) and Hyundai -down 3 spots- with 2,000 sales (-28.7%).

Citroen maintains 8th spot with 1,637 sales (-6.6%), followed by Dacia also in 8th -up 2 spots- with 1,637 sales (-0.1%) and Audi, jumping 3 spots into 9th with 1,581 new car registrations (+32.1%).

Opel closes the top 10 with 1,357 new registrations (-17.8%).

Looking at specific model the Skoda Octavia becomes the best seller rising 16.7% in sales from the prior year, followed previous year’s leader the Volkswagen T-Roc down 8.9%.

Medium-Term Market Trend

The Slovenian auto market has had many ups and downs in recent years. Demand for passenger cars fluctuated between 48k and 60k from 2010 to 2015. The market then started to gain momentum breaking the 60k resistance in 2016, finishing the year at 63,563. The uptrend continued for a few years reaching the current all-time high of 81,473 sales in 2018. Momentum then slowed down in 2019 that closed at 81,420 sales.

The arrival of the pandemic in 2020 forced many European countries to implement the lockdown, blocking entire economies. The Slovenian car market dropped 26.8% because of this, closing the year at 59,621.

Post-pandemic demand for passenger cars began a slow recovery in 2021 (+5.5%), that came to a halt in the following year. In fact, 2022 totaled 46,111 sales, a 14.2% loss from 2021.  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 the 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.

Russia Best Selling Car Ranking up to August 2023 sees the Lada Granta in 1st spot followed by the Chevrolet Niva. The Haval F7 enters the Top 10 surging more than 350% in sales.

Considering data up to August 2023 the best selling car in Russia is the Lada Granta, with 133,283 new sales (+221.1%). Far behind in second is the Chevrolet Niva with 54,463 units sold, a 229.3% growth compared to 2022. Confronting the two models, the Lada Granta holds 36.2% market share compared to 14.8% held by the Chevrolet Niva.

In 3rd place ranks the Haval Jolion -up 8 spots- with 29,785 sales (+260.3%), followed by previous year’s leader the Lada Vesta with 17,080 units sold (-32.8%), the Haval F7 -up 28 spots- at 16,486 (+359.1%) and the Geely Coolray with 14,761 new registrations, up 187.1%.

In 7th place ranks the Chery Tiggo 4 at 9,640 sales (+187.1%), followed by Haval F7X -up 60 spots- with 8,246 registrations and the Chery Tiggo 7 in 9th with 7,968 units sold (-24.3%).

The Haval Dargo -up 128 spots- closes the Top 10 with 7,820 new sales.

Tables with sales figures

In the tables below we report sales for top 40 Models.

The Polish car market is quite concentrated, with the first 10 models holding 28.1% market share and the top 20 models holding more than 41.5%.

Looking at the rankings up to August 2023, Toyota Corolla remains in pole position with 19,653 sales (+35.4%) and 6.3% market share. 

The Toyota Yaris maintains 2nd with 10,642 sales (+30.5%), followed by the Skoda Octavia -up 6 spots- with 10,119 units sold (+71.2%).

In fourth position ranks the Toyota Yaris Cross -up 8 spots- with 8,922 (+71.3%), followed by the Kia Sportage  -down 3 spots- with 8,255 sales (+0.5%).

The Hyundai Tucson ranks in 6th, with 6,698 units sold (-2.6%), followed by the Dacia Duster with 6,383 sales (-9.8%) and the Toyota C-HR -down 2 spots- with 6,203 registrations (-10.8%).

Further down the leaderboard, the Volkswagen T-Roc ranks in 9th with 5,769 sales (+3.4%) and the Toyota RAV4 falls 6 spots into 10th with 5,118 new registrations (-31.6%).

Tables with sales figures

In the tables below we report sales for top 20 models.

Denmark Best-selling cars ranking up to August 2023 sees the Tesla Model Y as new segment leader with the best performance in the Top 10 (+796.3%), followed by the Peugeot 208 (+43.0%).

The Danish passenger car’s market is characterized by small and compact vehicles, unlike the rest of the Scandinavian countries that are dominated by larger and more expensive models. This is due to the peculiarity of local taxation.

Looking at the Top 50 rankings, the best seller up to August 2023 in Denmark is the Tesla Model Y -up 21 spots- with 10,254 sales (+796.3%), followed by the Peugeot 208  with 4,039 new registrations (+43.0%) and the Ford Kuga in 3rd with 2,958 sales (+31.0%).

In 4th ranks the Tesla Model 3 – up 69 spots- with 2,282 new sales (+408.2%), in front of the Citroen C3 with 1,899 units sold (-29.5%), the Cupra Formentor -up 23 spots- at 1,844 (+89.1%), the Volkswagen T-Roc with 1,778 sales (-13.3%) and the Toyota Yaris -down 3 spots- with 1,749 new registrations (-10.5%).

The Hyundai i10 ranks in 9th with 1,739 units sold (+6.8%) and the Skoda Enyaq -up 1 spot- closes the Top 10 with 1,725 new registrations (+10.6%).

Tables with sales figures

In the tables below we report sales for top 50 models.

Looking at YTD sales up to August 2023, the Toyota RAV4  becomes the best-selling car, holding 7.0% market share with 5,115 new sales (+29.0%).

In second position we find the Tesla Model 3 with 4.2% share and 3,118 new registrations (+52.2%), ahead of the Suzuki Swift with 2,922 sales (+22.5%).

The Mitsubishi Eclipse Cross moves falls 1 spot into 4th with 2,489 sales (+1.9%), followed by the MG ZS with 2,470 new registrations (+24.7%).

Tesla Model Y rises 27 spots into 6th with 2,453 sales (+315.8%), followed by the Mitsubishi Outlander -down 6 spots- with 2,348 registrations (-62.6%) and the BYD Atto 3 -up 30 spots- at 2,226 units sold (+375.6%).

At the bottom of the leaderboard, the Mitsubishi ASX ranks in 9th with 1,887 sales (-4.3%) and the Hyundai Tucson closes the Top 10 jumping 18 spots with 1,861 new registrations (+123.7%).

Tables with sales figures

In the tables below we report sales for top 10 models.

Considering sales up to June 2023 the Toyota Corolla Cross maintains the market throne, with 24,267  units sold (-6.2%) and 7.9% market share. The Toyota Town Ace -up 9 spots- follows in second, with 11,462 new registrations (+85.3%).

In third place the Toyota RAV4 -down 1 spot– with 11,318 units sold (-1.5%), followed by the Toyota Corolla Atlis with  10,412 sales (-8.3%).

In 5th place ranks the Honda CR-V with 10,308 sales (+8.3%), followed by the Lexus NX with 10,004 registrations (+100.0%) and the CMC Veryca with 9,097 units sold (-14.5%).

The Ford Focus with 9,005 sales falls 1 spot into 8th (+8.9%), in front of the Toyota Yaris with 8,466 registrations (+4.4%), and finally, the MG HS -up 108 spots- closing the top 10 with 7,251 units sold.

Tables with sales figures

In the tables below we report sales for Top 50 models.

Syria’s vehicle market in H1 2023 reports 320 sales, growing 21.7% from the previous year. Hyundai collapses 40.7% while maintaining first position.

Market Trend and Outlook

The Syrian vehicle market in H1 2023 reports 320 sales, growing 21.7% following 4 consecutive losing years.

The only brands to be sold in the country at the moment are Hyundai with 48.8% market share despite losing 40.7% in sales from 2021 and Kia with 41.9% market share.

Medium-Term Market Trend

Not long ago Syria was the biggest car market in the Levant region. Only 10 years ago, with a volume of 87,500 annual sales, the Syrian new market represented a relevant reality within the region. Unfortunately, in this decade the country was destroyed by the civil war and terrorism and the entire economic structure collapsed, including the automotive industry.

Between 2010 and 2013 the market has lost more than half its sales a single year, with 2014 volumes at 23,955 units. The fall continued and the negative peak was hit in 2017 when the market lost 90% from 2010 at 7,978 units. In 2018 sales marginally recovered at near 10,000 units, but the data on 2019 was down again. In fact, total sales in 2019 were 8,347, down 15.8%.

Because of the COVID-19 pandemic, social and political instabilities in the country sales significantly decreased in  2020. In fact, sales have been 2,941, reporting a fall of 64.8% compared to 2019.

The downfall continued in 2021 with new light vehicle sales falling another 33.4% to 1,958.

Market Trend and Outlook

Myanmar’s vehicle market in July 2023 grows 36.9%, with new sales at 1,192. YTD figures at 7,064 are up 6.3% from the previous year.

Looking at cumulative data up to July 2023 brand-wise, this year the leader is still Suzuki with 22.0% market share and a 3.2% year-on-year loss in sales. Toyota follows in second, jumping 3 spots with a 154.5% boom from the prior year, in front of BAIC -down 1 spot- with an 40.7% loss in volume.

Medium-Term Market Trend

Myanmar’s vehicle market has reported an overall growth in the last decade, surging from 2,800 sales in 2010 to 4,718 by the end of 2016. In this period the most significant fluctuations in yearly volume happened in 2015 when the market boomed 50.5% and in 2016 when in fell 13.7%. Both in 2017 and 2018 the market grew more than 100% with new registrations reaching, in 2019, the current all-time high of 21,916 light vehicles.

The covid-19 pandemic arrived in 2020 and caused the market to subsequently fall 19.2% back down to 17,711 sales.

The worst year for Myanmar’s vehicle market was 2021, the same year in which the coup d’état occurred. In fact, yearly volume collapsed 52.3% to 8,442. In 2022 sales surged back up above the 10k mark to 13,409 (+58.8%).

Traditional vehicles have a lot of environmental disadvantages, which electric car resolves. It’s the primary reason why many countries are looking into banning diesel and petrol cars in the future. However, many still believe that conventional cars are still the most practical vehicles to own. If you’re caught in deciding what type of car you should buy, here are the pros and cons of buying an electric car to consider before purchasing:

Reasons Not To Buy An Electric Car

Below are some of the disadvantages of buying an electric car.

• It’s Expensive

One of the primary reasons people are still hesitant about buying an electric car is that it’s more expensive compared to the price of a conventional vehicle.

But, why? Here’s a quick insight into why they are expensive:

• Electric cars use lithium-ion rechargeable batteries that cost almost one-third of the whole vehicle’s total cost.
• New market with limited options available is what makes electric cars’ prices rather expensive.
• The electric cars’ market demand keeps on increasing, while the supply is still limited.
• Limited Range

Range anxiety is the concern that you won’t be able to travel to your destination without charging your car or that you won’t be able to charge your car when you get there. It’s another limiting factor that will deter many people from driving a pure electric vehicle.

Even though automakers are constantly developing new ways to make electric cars go longer, they still have a lower range than traditional vehicles. If you’re planning a long-distance journey, this can be an issue. Electric cars may be sufficient for commuting, but longer trips may necessitate preparation to determine where the driver can recharge, which is also a problem since there are limited charging stations for electric cars.

• Charging Duration

If you often get bored when your phones’ batteries get emptied, imagine how long you’ll have to wait to charge a bigger battery than your phone. People are used to waiting two to three minutes filling up a car’s gas tank; most electric vehicles, on the other hand, can take a few hours before they get fully charged. As time is the most valuable thing for some, this electric car’s drawback is a big no.

• Lack Of Charging Infrastructure

The most significant disadvantage of owning an electric vehicle is the need to charge it. Even if an electric vehicle may be charged at home, locating a charging station in remote locations or on a long-distance road trip might be difficult. Electric vehicle charging stations can be found in parking lots and on the sides of the road in some regions. But, this isn’t the case in most cities as there’s still a few charging stations available for electric cars. No one would want to be stuck in a particular place after your car stopped because of an empty battery.

Why Should You Buy An Electric Car?

There are many reasons why you should buy an electric car. Aside from its being environmentally friendly and energy-efficient, electric vehicles are low-maintenance as well. And, it’ll assure you that your government won’t ban them in the years to come.

• Electric Cars Are Environment-Friendly

Carbon dioxide emission has been a primary concern ever since diesel, petrol, and other combustible liquids and materials became humanity’s primary source of energy. The creation of fully electric vehicles that have no emissions has given humanity hope that cleaner air is possible.

Unlike traditional cars that transform potential into kinetic energy by burning chemicals for them to run, electric vehicles work differently. They don’t burn chemicals for them to run as they release their stored energy electrochemically using their batteries. So, if you want to lessen your carbon footprint, you might want to consider switching from a conventional to an electric vehicle.

• They’re Energy-Efficient

The amount of energy from a fuel source transformed into actual energy for driving a vehicle is referred to as energy efficiency. Electric cars are significantly more efficient than gasoline-powered cars. The batteries in electric vehicles transfer more than half of their total energy percentage into vehicle movement, whereas gas-powered vehicles only convert, more or less, by 20%.

Electric cars can be powered with renewable resources (i.e., solar energy, wind energy, and many more). In comparison, gasoline-powered cars use oil, which isn’t renewable.

• Low-Maintenance

Since electric cars don’t have gas engines, they don’t need oil. Thus, you don’t need to frequently change oils to take care of their parts. Plus, since they don’t have many components that gas-powered cars have, it means minor wear and tear, so replacing components will be minimized.

• Cost-Effective

Electricity is cheaper than petrol or gasoline. Recharging an electric car is more cost-effective in the long run compared to refueling diesel or petrol, in which prices are also fluctuating. In addition, other countries have implemented tax incentives for those houses that install solar panels. So, if you reside in one of those countries, everything will be in your favor.

• Less Noise

Aside from air pollution, electric cars also run quietly. Because electric vehicles are too quiet, some manufacturers install sound generators into them, so other vehicles or pedestrians will be aware of their presence. Some might prefer a car with distinct noise, especially those who are into sports cars. However, the majority will still choose a smooth and silent one.

• Better Acceleration

Electric cars provide a unique driving experience by eliminating most mechanical gizmos seen in gasoline and diesel vehicles. Without shifting a single gear, electric cars can go from zero to top-speed. Because electric cars don’t need to shift gears, all of the torque they can generate is available at zero rpm (revolutions per minute). As a result, electric vehicles can deliver maximum torque (the force that propels the car forward) right from the start, resulting in fast acceleration.

Should You Buy An Electric Car?

People can benefit a lot from using an electric car, but some disadvantages should be considered. If you’re the type of person who values nature a lot and charging time isn’t an issue for you, switching to an electric car is a good option. However, if you often make long trips and usually have no time to charge a vehicle, then an electric vehicle might not fit your needs yet.

Remember that buying something should always align with your budget and your needs, so choose depending on your preferences. When it comes time to get insurance, explore ROLLiN’ electric vehicle insurance to find a plan that meets your needs.