Finland March 2024: Volvo (+34.5%), Hyundai (+89.3%) impress in 4th consecutive negative month

Volvo V60 sales are up 125.3% year-on-year in March.

The Finnish new car market endures a 4th consecutive month of year-on-year declines in March at a damning -15.7% to 6,384 sales. This brings the year-to-date tally down -12.3% to just 18,153. Toyota (+4.3%) continues to ignore the negative mood and signs another strong 18.8% share for the month, 20.5% year-to-date. Volvo (+34.5%) enjoys the largest gain in the Top 8 and climbs to #2 both in March and year-to-date whereas it ranked #4 over the Full Year 2023. Skoda (+7.8%) is bumped to #3 despite a strong result. Kia (-6.1%) falls slower than the market to stay at #4 while Mercedes (-15.3%) matches the overall evolution. BMW (-22.7%), Volkswagen (-39.9%) and most strikingly Tesla (-45.7%) all struggle mightily. Reversely Hyundai (+89.3%) and Nissan (+10.4%) shine. Newcomer BYD ranks #17.

Over in the models ranking, the Toyota Corolla (-13.3%) ranks first for the 5th time in the past 6 months with a round 7% share. Having scored its first monthly win in March 2023 on the way to a YTD pole position, the Tesla Model Y (-52.8%) completely implodes and ranks #2 with 5.3% share. It is now #5 year-to-date. Strikingly the next 6 models all vastly outpace the market with at least double-digit gains. The Volvo V60 (+125.3%) is the most impressive, followed by the Toyota Yaris Cross (+71.6%), Yaris (+61.5%), Skoda Octavia (+57.8%), Volvo XC40 (+48.6%) and Nissan Qashqai (+34.9%).

Previous month: Finland February 2024: Sales down -12.7%, Toyota, Hyundai stand out

One year ago: Finland March 2023: Tesla Model Y signs first ever win, Toyota bZ4X up to #6, sales up 2.1%

Full March 2023 Top 30 brands and models below.

Finland March 2024 – brands:

Pos Brand Mar-24 % /23 Feb 2024 % /23 Pos FY23
1 Toyota 1,199 18.8% + 4.3% 1 3,720 20.5% + 6.3% 1 1
2 Volvo 705 11.0% + 34.5% 3 1,929 10.6% + 7.8% 2 4
3 Skoda 536 8.4% + 7.8% 2 1,891 10.4% + 9.9% 3 2
4 Kia 511 8.0% – 6.1% 4 1,432 7.9% – 5.4% 4 5
5 Tesla 487 7.6% – 45.7% 8 894 4.9% – 32.7% 8 6
6 Volkswagen 476 7.5% – 39.9% 5 1,243 6.8% – 36.8% 5 3
7 Mercedes 387 6.1% – 15.3% 7 1,116 6.1% – 15.1% 6 7
8 BMW 337 5.3% – 22.7% 6 1,049 5.8% – 14.4% 7 8
9 Hyundai 335 5.2% + 89.3% 10 799 4.4% + 53.1% 10 11
10 Nissan 329 5.2% + 10.4% 9 890 4.9% + 7.5% 9 10
11 Ford 178 2.8% – 31.3% 12 462 2.5% – 34.7% 12 12
12 Audi 172 2.7% – 46.7% 11 633 3.5% – 28.6% 11 9
13 Opel 92 1.4% – 62.1% 19 154 0.8% – 69.8% 17 14
14 Suzuki 82 1.3% + 51.9% 17 202 1.1% – 2.4% 13 20
15 Mitsubishi 56 0.9% – 12.5% 16 173 1.0% + 5.5% 14 21
16 Subaru 54 0.8% + 107.7% 27 100 0.6% + 16.3% 23 26
17 BYD 53 0.8% new 15 154 0.8% new 16 n/a
18 Mazda 48 0.8% – 50.5% 18 153 0.8% – 48.7% 18 16
19 Peugeot 45 0.7% – 76.1% 13 154 0.8% – 65.9% 15 13
20 Dacia 43 0.7% – 37.7% 14 136 0.7% – 40.1% 19 18
21 Renault 43 0.7% + 0.0% 20 107 0.6% – 43.4% 21 19
22 Land Rover 30 0.5% – 9.1% 25 77 0.4% + 8.5% 24 23
23 Polestar 29 0.5% + 26.1% 30 70 0.4% – 73.8% 27 17
24 Lexus 24 0.4% + 41.2% 21 102 0.6% + 45.7% 22 24
25 Cupra 22 0.3% – 58.5% 26 71 0.4% – 37.2% 26 22
26 Porsche 21 0.3% – 4.5% 24 73 0.4% – 3.9% 25 27
27 Honda 17 0.3% + 13.3% 22 63 0.3% – 13.7% 28 29
28 Seat 15 0.2% – 48.3% n/a 38 0.2% – 42.4% 30 25
29 Citroen 12 0.2% – 92.9% 23 112 0.6% – 69.1% 20 15
30 Fiat 9 0.1% – 52.6% 29 24 0.1% – 27.3% 31 30
31 Mini 8 0.1% – 27.3% 28 43 0.2% + 104.8% 29 28
32 Alfa Romeo 5 0.1% n/a n/a 17 0.1% + 240.0% 32 n/a

Finland March 2024 – models:

Pos Model Mar-24 % /23 Feb 2024 % /23 Pos FY23
1 Toyota Corolla 450 7.0% – 13.3% 1 1,229 6.8% – 28.0% 1 2
2 Tesla Model Y 340 5.3% – 52.8% 4 655 3.6% – 37.3% 5 1
3 Toyota Yaris Cross 254 4.0% + 71.6% 3 808 4.5% + 147.1% 3 8
4 Toyota Yaris 239 3.7% + 61.5% 5 701 3.9% + 27.5% 4 6
5 Skoda Octavia 232 3.6% + 57.8% 2 880 4.8% + 113.6% 2 3
6 Nissan Qashqai 197 3.1% + 34.9% 7 565 3.1% + 53.5% 6 15
7 Volvo V60 169 2.6% + 125.3% 6 364 2.0% + 15.9% 10 19
8 Volvo XC40 165 2.6% + 48.6% 8 543 3.0% + 10.4% 7 7
9 Volvo XC60 145 2.3% – 33.2% 10 454 2.5% – 22.3% 8 5
10 Tesla Model 3 140 2.2% – 17.6% 28 230 1.3% – 14.5% 18 18
11 VW ID.4 134 2.1% – 50.9% n/a 196 1.1% – 65.4% 22 10
12 Kia Ceed 129 2.0% + 0.8% 11 321 1.8% – 3.9% 12 12
13 Skoda Enyaq 116 1.8% – 9.4% 13 297 1.6% – 35.7% 13 4
14 Toyota C-HR 110 1.7% + 18.3% 14 369 2.0% + 19.8% 9 14
15 Volvo EX30 109 1.7% new 20 211 1.2% new 21 210
16 BMW X1 85 1.3% + 88.9% 18 220 1.2% + 175.0% 20 33
17 Mercedes GLC 83 1.3% + 56.6% 16 268 1.5% + 165.3% 14 39
18 Hyundai Ioniq 5 80 1.3% + 220.0% 26 250 1.4% + 59.2% 16 40
19 Kia Niro 80 1.3% + 48.1% 17 221 1.2% + 1.4% 19 23
20 Kia Stonic 76 1.2% + 13.4% 31 180 1.0% – 3.2% 25 22
21 Toyota RAV4 73 1.1% + 25.9% 9 342 1.9% + 30.0% 11 9
22 Audi Q4 70 1.1% – 32.0% 15 253 1.4% + 6.3% 15 16
23 Ford Kuga 70 1.1% + 6.1% 23 156 0.9% – 18.3% 28 31
24 BMW i4 69 1.1% – 15.9% 12 239 1.3% + 3.9% 17 11
25 Volvo C40 55 0.9% – 15.4% 22 193 1.1% – 18.9% 23 17
n/a Kia Sportage 53 0.8% + 17.8% 19 185 1.0% + 15.6% 24 30
n/a VW ID.7 50 0.8% new 32 152 0.8% new 29 n/a
n/a Hyundai Kona 49 0.8% – 18.3% 27 151 0.8% + 57.3% 30 41
n/a VW Golf 46 0.7% – 47.1% 21 158 0.9% – 9.7% 27 25
n/a Skoda Kamiq 39 0.6% + 5.4% 29 159 0.9% – 11.2% 26 27

Source: AUT

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