Competition landscape of the European automobile market in 2024

In 2024, the main competitors in the European automobile market include Volkswagen Group, Stellantis, Renault Group, Hyundai Group and Toyota Group. Volkswagen Group leads with a market share of 26.3% and sales of 3.4072 million vehicles, a year-on-year increase of 2.50%. Stellantis has a market share of 15.2% and sales of 1.9696 million vehicles, a year-on-year decrease of 7.30%. Renault Group has a market share of 9.9% and sales of 1.2825 million vehicles, a year-on-year increase of 3.20%. Hyundai Group has a market share of 8.2% and sales of 1.0635 million vehicles, a year-on-year decrease of 3.90%. Toyota Group has a market share of 7.8% and sales of 1.0061 million vehicles, a year-on-year increase of 13.10%.