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
