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Goldman Sachs

July 6, 2026

Europe Automobiles EV Sales Report

Sector ReportEquitiesConsumer Discretionary

European big 5 car sales grew 12% YoY in June 2026, driven by a surge in BEV registrations, despite generally weak performance from major European OEMs outside of BMW.

Key Takeaways

  • 1.European car registrations in the big 5 markets grew 12% YoY in June 2026, significantly fueled by a 63% surge in BEV sales.
  • 2.BMW Group was a standout performer among European OEMs, with sales up 14% (R1M) and 9.2% (R3M), while competitors including VW, MBG, Stellantis, and Renault underperformed.
  • 3.Major European automakers (VW, Stellantis, Renault) are lobbying the EU for a 'Made in Europe' framework to protect industrial capacity and supply chain security.

Table of Contents

  • EV sales surge in Europe during June/2Q, European OEMs broadly underperform the industry with BMW as standout driven by Mini
  • Europe big 5 car sales overview
  • European OEM sales and market shares
  • Europe Macro charts
  • Appendix charts
  • Disclosure Appendix

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Authors

Christian FrenesShivam KotechaRobert TriulziMonika Mengting Liu, CFA

Securities

BMW GroupVOWG_P.DESTLAMRenault

Themes

Automotive Local Content PolicyEV Adoption

Regions

EuropeFranceItalySpain