Portugal July 2024: EX30 pushes Volvo to all time high

The Volvo EX30 accounts for 44% of Volvo sales this month.

The Portuguese new car market slows down -9.5% year-on-year in July to 14,055 units, yet the year-to-date tally remains in positive at +3.7% to 130,967. The Top 3 manufacturers all beat the market with positive results: Peugeot (+4.4%) leads the way at 11.2% share vs. 10.1% so far this year, followed by Mercedes (+33.8%) up to #2 also YTD and BMW (+2%) up five spots on June to #3. Dacia (-2.2%) ranks #4 and ascends to #3 year-to-date, symbolically overtaking Renault (+2.7%). Volvo (+16.5%) jumps to #7, the OEM’s first time inside the Top 10 with a record 4.5% share. Previous bests were #12 first reached in pandemic-disturbed May 2020 and 3.7% hit in May 2020 also. Tesla (+11.1%) falls to #11 but is still strong.

Over in the models ranking, the Peugeot 2008 (+159.5%) surges ahead to clearly lead the pack with 5.7% share vs. 3.8% for the Dacia Sandero. This is the second time the 2008 ranks #1 monthly this year alongside January, whereas it was #1 over the Full Year 2023. The Sandero remains #1 year-to-date in 2024. The Renault Clio (+43.8%) leaps up to #3, a ranking it also holds year-to-date. Outstanding month for the Mercedes A-Class (+88.8%) and Tesla Model 3 (+106.3%), the latter at #4 year-to-date. The new Volvo EX30 is up 13 ranks on last month to a record 6th place, accounting for 44% of Volvo sales this month and the nameplate’s first Portuguese Top 10 finish.

Previous month: Portugal June 2024: Citroen C3 and Tesla Model Y top negative market

One year ago: Portugal July 2023: Fiat 500 climbs to pole position, market slowing down its growth

Full July 2024 Top 42 All brands and Top 289 All models below.