Norway February 2023: Tesla Model Y and Toyota bZ4X top market off -8.7%

The Toyota bZ4X is the 2nd best-selling vehicle in Norway in February. Picture motor.no

After a dismal -76.6% fall in January, Norwegian new car sales thin their year-on-year loss to -8.7% to 7,439 registrations. The year-to-date tally is down down -42.3% to 9,299. Thanks to 6,183 sales (+0.4%) BEV hold a 83.1% market share vs. 75.6% a year ago. YTD BEV sales amount to 7,420 (-42.1%) and 79.8% share (79.6% a year ago). In contrast PHEV freefall -38.8% to just 521 and 7% share vs. 8.6% in February 2022 and at -49.5% YTD to 703 and 7.6% share vs. 8.6% a year ago. HEV are in frank positive at +9.1% to 406 and 5.5% share vs. 4.6% last year and off -10% YTD to 669 and 7.2% share vs. 4.6% a year ago. All in all, electrified cars hold 95.6% of the Norwegian market vs. 90.6% a year ago. Petrol vehicles fall to 1.5% share and diesel to 3%.

The Top 4 brands ranking all go against the negative environment with surreal gains. Tesla (+8063.2%!) confirms its sales are now much less backloaded to the last month of each quarter. The American brand holds 20.8% of the market for the month. Volkswagen (+225.8%) follows at 17.8% ahead of Toyota (+68.1%) and Volvo (+40.8%). Therefore these Top 4 manufacturers account for 61.8% of Norwegian sales in February. Peugeot (+14.1%) is the only remaining Top 10 carmaker in positive , with BMW (-64.7%), Audi (-61%), Hyundai (-60.1%) and Mercedes (-55.9%) all imploding.

Model-wise, the Tesla Model Y (+18057.1%!) scores its fourth win in the past 6 months and grabs the YTD pole position in the process. The new Toyota bZ4X is up four spots to a record 2n place with 7.6% share. It distances the VW ID.3 (+1271.8%) and ID.4 (+128.8%). The Volvo XC40 (+145.5%) and Tesla Model 3 (+2372.7%) complete a Top 6 entirely in positive and by a very large margin. Below, the Peugeot 2008 (+69.8%) is the sole gainer in the remainder of the Top 10 with the Toyota Yaris Cross (+180.5%) also outstanding just below at #12. The new Toyota Corolla Cross (#14) and VW ID. Buzz (#15) both break their ranking records as does the BMW iX1 at #19.

Previous month: Norway January 2023: Market collapses -76.6% to lowest in 61 years due to price increases

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

Full February 2023 Top 40 all brands and Top 175 all models below.