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Norway February 2022: Market down -23.8%, Hyundai Ioniq 5 and BMW iX best-sellers

The BMW iX is the 2nd best-selling vehicle in Norway in February.

New car sales in Norway crash down -23.8% year-on-year in February to 8,147 units, pulling the year-to-date tally down -23.3% to 16,104. After reaching a record 83.7% share in January, sales of BEV hold 75.6% of the Norwegian market in February (47.5% a year ago) at 6,160 units, up 21.4% year-on-year. Year-to-date, BEV is up 21.7% to 12,820 or 79.6% share vs. 50.2% a year ago. In contrast PHEV sales are down -74.8% to 852 for the month and -77.8% to 1,391 YTD and HEV sales are down -57.5% to 371 in February and down -56.6% to 742 YTD. As a whole, electrified vehicles hold 90.6% of the Norwegian market in February vs. 87.3% a year ago and 92.8% YTD vs. 88.1% over the first two months of 2021. Both petrol (386 sales) and diesel (379) hold 4.7% of the market this month, YTD petrol is at 3.5% and diesel at 3.7%. 

Audi (+13.5%) remains the best-selling carmaker in Norway this month with 9.4% share vs. 10.4% YTD, and is followed again by Hyundai (+48%) at 7.7% of the market vs. 8.3% YTD. Toyota (-55.1%) is up two spots on January to #3 but freefalls year-to-date because of the RAV4 falling apart. BMW (-23.8%) is also up two ranks on last month to #4, distancing Skoda (+41.1%), Kia (+19%) and Mercedes (+19.6%) all posting brilliant market-defying gains. Ford (+102.9%) post the largest uptick in the Top 15 whereas Peugeot (-69.4%), Volvo (-67.8%) and Nissan (-46.4%) implode. Chinese newcomer Hongqi advances one spot on January to an impressive 14th place with 2.5% share, with Xpeng (+6950%) up to #18, NIO up to #21 and BYD down to #22. Tesla (-94.5%) is down to an unusual 32nd place as no new shipment reached Norway this month. 

Model-wise, 8 of the Top 15 models are recent launches (<12 months). The Hyundai Ioniq 5 scores its first win in the world here, with the BMW iX in tow while the Audi Q4 e-Tron is down two spots on January to #3 but keeps the YTD lead. The Polestar 2 (-8.3%) is up six ranks on last month to #4, with the Skoda Enyaq and Ford Mustang Mach-E following. The VW ID.4 (+5200%) celebrates one year in market but is down 5 spots on January to #10. The Hongqi E-HS9 is up four ranks to #12, the Kia EV6 is down 6 to #13 and the Volvo C40 is up two to #15, remaining the brand’s best-seller in Norway. Other recent launches include the Xpeng P7 up 37 spots to #23, the NIO ES8 up 7 to #24 and the BYD Tang down 3 to #26.

Previous month: Norway January 2022: BEV hits record 83.7% share, 19 in Top 20 are BEVs, Hongqi E-HS9 in Top 20

One year ago: Norway February 2021: Volvo #1 brand for first time in 6 years, Toyota RAV4 repeats at #1, market up 3.3%

Full February 2022 Top 45 All-brands and Top 190 All-models below.

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