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Residual Value Outlook 2026: What’s Next for Europe’s Used Vehicle Markets?

For the last few years, used-car markets across Europe have been under pressure, and the second half of 2026 is shaping up to be just as unpredictable. However, in this webinar, you’ll get a clear, data-backed view of where residual values are heading, and why. What’s Driving Europe’s Residual Value Movements in the Second Half of the Year? Behind every shift in used-car pricing is a web of macroeconomic pressures, supply-demand imbalances, and powertrain-level dynamics that are constantly evolving. In 2026, that complexity has only deepened.  Meanwhile, the UK used-car market, one of Europe’s largest and most distinctive, is following its own trajectory.  In this session, our valuations experts will walk you through the latest residual value forecasts, the macro forces behind the numbers, and what it all means for vehicle value retention across the markets you operate in.  Register for the webinar  Join us on 16 July at 10:30 BST / 11:30 CEST,  for a live session covering the latest used-car market forecasts, depreciation trends, and key industry questions for the second half of 2026. SIGN UP NOW Questions we will answer How are macroeconomic trends influencing the automotive market right now? What is happening in used-car markets as we head into the second half of 2026? What do the latest forecasts reveal, and what should you prepare for today? Meet our experts Hear directly from our specialists with hands-on experience across European used-car markets, residual value modelling, and automotive pricing forecasts Who This Webinar Is For This session is designed for automotive industry professionals whose work is directly shaped by used-car values, vehicle depreciation, and market pricing dynamics: Finance, insurance, and risk analysts Fleet, leasing, and residual value managers OEMs Pricing and product managers Portfolio and remarketing managers Industry executives and business analysts What You Will Gain A clear view of the European used-car market conditions: Understand depreciation pressures, supply dynamics, and demand signals determining vehicle value retention across key European markets. The latest residual value forecasts, straight from the source: Get the most up-to-date RV projections and used-car pricing outlook, explained by the experts. A focused look at the UK used-car market: Dig into one of Europe’s largest and most unique automotive markets, its depreciation trends, pricing dynamics, and what they signal for the broader region. The market will remain uncertain for some. Yet, by attending this webinar, you can gain a sharper understanding of the forces shaping residual values and used-car price movements in the second half of 2026, and what they mean for the decisions you’re making right now.  Got questions? We’ll answer them live Submit your questions to [email protected], and if we don’t get to them on the day, one of our experts will follow up directly. Register now, and if you miss the live session, a recording of the webinar will be available.  
Aerial view of stockpiled used cars.||| Used Vehicle Market

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Cross-border used-car remarketing: From opportunity to execution in Europe

Price differences between European used-car markets are creating cross-border sales opportunities for dealers, especially for electric vehicles (EVs). However, after identifying these opportunities, utilising them efficiently and at scale can present a challenge. Tom Hooker, Autovista24 journalist, explores the topic at this year’s Used Vehicle Retail Summit. Different European used-car markets can see varied metrics in terms of pricing, stock days and residual values (RVs). This regional difference also applies to EV demand, which is seeing variable adoption rates across the continent. For example, the average trade RV of 36-month-old battery-electric vehicles (BEVs) at 60,000km diverged between neighbouring countries in March. According to Autovista24's Monthly Market Update, this value sat at €16,371 in France, while in Spain, BEV RVs stood at €24,553. The average number of days needed to sell a two-to-four-year-old BEV also experienced contrasting results across Europe in the month. The turnover rate was 84.2 days in France, compared to an average of 58.8 days in Germany. In this context, cross-border remarketing can unlock potentially untapped value. It allows sellers to capitalise on locations where EV demand is greater, prices are higher, and stock days are lower. It also presents an opportunity to move models away from a market experiencing stagnating demand or oversupply. Cross-border opportunities ‘Supply and demand levels in every single market are continuously evolving and changing. It is simply impossible to manually monitor supply and demand for each market continuously. You need technology,’ outlined Jan-Willem Seeder, founder and CEO of JP.Cars, in his presentation. ‘If you are not using technology, you are always reacting to the market. The concept of supply, demand and marketability is not so complex. The complexity is seeing and monitoring it in real time,’ he noted. Continuously evolving supply and demand can cause different outcomes in each country, even for the same model. Seeder stated that in Germany, all the signals clearly show that [EV] demand significantly outpaced supply. Turnover rates increased, stock indexes dropped, selling indexes rose significantly, and prices went up as well,’ stated Seeder. Jan Willem Seeder, founder and CEO of JP.Cars. ‘If you must buy a BEV in Germany, given these signals, I can imagine it is a very tight market today,’ he said. ‘The question might be, where can I source these cars? Maybe there are markets with other supply and demand ratios across Europe where you could potentially buy similar cars.’ He recognised that there are markets in Europe where supply and demand ratios are different from those in Germany. There could be buying opportunities in numerous markets where buyers could source vehicles. ‘If you have purchased cars for 100 years from a single source in Germany, and that source is providing you with EVs, you will have a very hard time. The market is not local anymore; the market is international,’ he commented. Optimising cross-border adverts Rolf Westgeest, founder of Eurostocks, focused on how cross-border transactions operate on classified marketplace portals. These online platforms allow buyers to search listings and contact sellers directly, rather than purchasing through the platform. ‘There are two things in cross-border trade you can do as a car dealer or retailer. You can go on the auction side with lower prices and fast sales. Or you can go to the classified marketplace portals. It is a higher price, but it could be slower sales of 30 days, 90 days or one year.’ So, if dealers want to benefit from these higher prices, they will need to navigate potentially slower sales. Westgeest highlighted multiple areas where dealers can improve. From left to right: Rolf Westgeest, founder of Eurostocks. Michel van Roon, founder and co-owner of Novatrade24. Westgeest explained that having adverts appear at the top of search queries can help tackle delays. Photo quality and selection can make a big difference in achieving a high search ranking. The number of reviews under a dealer's profile is also important. Using analytics provided by the portals can help optimise every advert, too. Despite all this, lead response times can often be the deciding factor. ‘After one hour, 50% of the leads are lost because they are already in a conversation with somebody else. In these portals, people send multiple emails to different dealerships selling the same cars. The first one to respond can make the appointment and win the sale,’ Westgeest told the audience. Overall, Westgeest highlighted that cross-border sales do not need to be difficult, especially when using marketplace portals. Dealers will see the best results if they choose the right cars, tools, and strategies for online advertising. Cross-border risks Alongside benefits, cross-border used-vehicle sales can also come with some legal risks. This can include unintentional participation in value-added tax (VAT) fraud schemes or money laundering ploys. Michel van Roon, founder and co-owner of Novatrade24, explained that this possibility has caused dealerships to hold back. ‘By not participating [in cross-border sales] dealerships leave money on the table, because they are afraid of getting trapped into these schemes. If you want to step into that game, you need to know the rules. You must keep in mind that the tax authorities will have one question. Did you know or could you have known that your buyer was a criminal?’ outlined van Roon. From left to right: Michel van Roon, founder and co-owner of Novatrade24. Rolf Westgeest, founder of Eurostocks. Van Roon then outlined the evidence dealers must provide to apply the 0% VAT rate when exporting vehicles. The information and research required is extensive. He also noted that the person responsible for this in a dealership is usually a salesperson. ‘If you look at how much time you take in getting leads, a salesperson should not chase documents. They should chase leads. That is their job. So, if you look at this cross-border trade process, it is full of friction,’ he commented. Is cooperation the key? Van Roon suggested that dealerships in the automotive industry cooperate on this issue. To solve it, digital platforms can be used to simplify cross-border vehicle trading. These platforms manage the legal, administrative, and transaction processes between buyers and sellers in different countries. This can make dealers more confident when participating in cross-border sales. It can also increase trust between dealers, tax authorities and banks. ‘Cross-border compliance does not need to hold you back from doing the trades you need to do to get the best results. But beware of the consequences and requirements,’ warned van Roon. Together, these sessions highlighted a clear opportunity in the European used-car market. Price fragmentation, especially among EVs, is creating significant opportunity for sellers. However, only those with the right tools and processes to act across borders stand to benefit.
Point of view from inside a moving car driving through a highway at night with long exposure light trails. New Vehicle Market

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EU new-car registrations boosted in first quarter by strong March

Robust demand pushed the EU new-car market to year-on-year growth in the first quarter of 2026. Rising electric vehicle (EV) sales prevailed as a significant catalyst for growth. But is a familiar powertrain still dominating sales? James Roberts, Autovista24 web editor, unpicks the latest data. In March, 1,158,317 new vehicles were registered across the EU, according to Autovista24 calculations of ACEA data. This equated to a 12.5% year-on-year lift. Overall, in March, 24 of the 27 EU states recorded new-car market growth. Assessing the first quarter of 2026, this strong March performance helped boost the EU’s overall new-car market. After three months of the year, 2,822,617 new vehicles reached EU customers according to Autovista24 analysis of ACEA data. This ensured a healthy 4% raise, amounting to an additional 107,912 units. Electric sales increase Sales of EVs, spanning battery-electric vehicles (BEVs) and plug-in-hybrid vehicles (PHEVs), continued to increase in the first quarter. The EU’s four biggest markets, Germany, Italy, France, and Spain, all saw double-digit BEV volume increases in the month. This figure has been helped by domestic tax benefits and incentive schemes. However, some countries have seen consumer sentiment turn towards electrification, particularly as petrol and diesel prices increased. Hybrid powertrains, including both mild and full-hybrid versions, also made gains. Consistently the preferred choice for EU consumers, the powertrain made it over the one-million-unit mark in the first quarter. Despite this high watermark, a peak to hybrid demand could be in the rear-view mirror. New petrol vehicles are helping keep the share of internal-combustion engine (ICE) cars above EVs. This gap is narrowing, but is it closing fast enough to satisfy EU goals to phase out new petrol and diesel sales by 2030? Hybrids hold the cards The best-selling powertrain choice for new cars across the EU was hybrids. March saw 444,835 models featuring the technology roll off the bloc’s forecourts. This equated to a 20.1% volume increase and a 38.4% slice of the new-car market, up 2.4 percentage points (pp). Over the first three months of 2026, hybrid volumes increased by 12.8% year on year, with 1,089,421 units accounted for. This underscored a consistently high EU new-car market share of 38.6%, up 3pp. In the first quarter, hybrid registrations increased in 20 of the 27 EU states. Despite eye-catching EV sales growth, the larger markets saw hybrid volumes stay high. After three months of the year, these volumes outweighed both BEV and PHEV figures. Hybrid sales in Italy and Spain scored double-digit increases at 25.8% and 18.5%, respectively. Meanwhile, Germany saw an upswing of 7.4%, and France a modest gain of 3.1%. Other markets scored notable year-on-year hybrid gains in the first quarter. This included Austria with 30.2%, Czechia 14.5%, and Portugal 44.9% Bulgaria witnessed the highest hybrid percentage gain of 114.2% with 647 units registered. Estonia also saw triple-digit gains amounting to 109.3% and 2,286 units. EU EV sales on the right track? Three months into 2026, total EV sales, combining BEV and PHEV volumes, reached 815,281 units in the EU. This marked a 195,466-unit boost, equating to a 31.5% year-on-year increase. This cumulative gain carved out a 28.9% market share, up 6.1pp. BEVs made up the majority of EV registrations, with 546,937 all-electric cars making their way to EU customers. This 32.5% increase in volumes ensured a 19.4% market share, up 4.2pp. Germany enjoyed a year-on-year BEV registrations increase of 41.3% in the first three months of 2026. March helped with the country recording its biggest BEV registration increase and market share since August 2023. Despite ending the first quarter with an overall new-car market drop of 2.1%, France saw a positive BEV result. It was second only to Germany in terms of unit volumes, with 112,083 units delivered. Buoyed by Subsidies, income-based schemes, and company-car tax changes, this trend has helped stabilise the market. Spain’s new-car market impressed in 2025, but EV incentives are being ironed out for this year. However, between January and March, BEV volumes still increased by 41.6%. This is compared with early 2025, which saw inflated market results spurred by aid packages for flood-hit regions. PHEVs helping electrify EU markets Alongside BEV improvements, PHEV registrations continued to grow. In total, 268,344 PHEVs made their way to EU customers between January and March. This marked a 29.7% uptick, securing a 9.5% new-car market share, an increase of 1.9pp year on year. PHEV demand allowed Italy to return strong EV results in the three-month period. While BEV volumes improved by 65.7%, PHEV sales climbed to 40,052, a 110.1% surge. While petrol and diesel deliveries fell in the country, EVs and hybrids enabled market-wide growth of 9.2%. Austria witnessed healthy BEV uptake in the first quarter, with a 22.4% volume increase. Coupled with a 45.6% rise in PHEV sales, this pushed the country’s new-car market to a gain of 17%. Similarly, Poland continued to impress. PHEV power proved irresistible in the EU’s fifth-largest market. In the first three months of the year, the powertrain’s volumes increased by 10.5%, with 11,684 taking to Polish roads. Almost half of these units were registered in March. Balkan boost The most eye-catching EV sales bounce occurred in Croatia. The Balkan nation enjoyed a 282.4% increase in all-electric registrations to 780 units. This has seemingly been achieved with the help of an incentive scheme. Additionally, year-on-year PHEV registrations increased by 145.8%, leaping to 1,094 deliveries between January and March this year. Slovenia also saw a significant turn towards plug-in powertrains. BEV volumes increased 78.2% year on year, with 2,297 sales, while PHEV volumes rose 44.5% to 734 units. The country also saw healthy hybrid increases of 18.5% as well as a marginal petrol registration growth of 1.8%. As the EU new-car market enters the fourth month of the year, one pattern is emerging. EVs are playing a significant part in bolstering EU members’ new-car market fortunes, large and small. Adding hybrid volumes to BEV and PHEV sales across the bloc saw a total of 1,904,702 new vehicles sold between January and March. This ensured a dominant market share of 67.5%, a year-on-year gain of 9.1pp. Petrol remains a choice amid EU electrification Three months into 2026, the EU recorded 636,502 new petrol car registrations. While this marked an 18.2% year-on-year slide, it equated to a 22.6% market share, the second largest after hybrids. Significantly, petrol sales also exceeded BEV and PHEV figures. In total, just five EU nations witnessed petrol registration improvements. The highest came in Estonia, with a 106.3% year-on-year climb. Austria saw a 4.3% improvement. This was boosted by a strong March, where 8,181 new petrol variants were registered in the country. In the larger markets, falling petrol sales proved prevalent in the first quarter. France saw the biggest drop at 40.3%, then Italy at 18.6%, followed by Spain at 18.1%, and Germany at 16.1%. Combined petrol and diesel units topped out at 855,067 across the EU in the first three months of 2026. This gave new ICE registrations a 30.3% hold over the market, down 7.9pp year-on-year, but still 1.4pp ahead of the EV market share. While petrol still provides a relatively popular mainstream new-car choice, diesel continues to decline. Between January and March, 218,565 new vehicles made their way to customers, down 15.7%, returning a 7.7% market share, falling 1.8pp year on year. Just four nations recorded growth for the fuel type.
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VW leads the EU new-car market as newcomers make their mark

The EU’s leading automotive brands and manufacturer groups performed strongly in March. But how is the rise of new entrants to the market diluting the shares of established carmakers? Autovista24 special content editor Phil Curry examines the figures. The EU’s new-car market is starting to find its footing following a difficult start to the year. But as some established brands returned to growth in March, the volume from new entrants jumped considerably. The latest ACEA data reveals a market still dominated by traditional names, while also seeing volumes shared across more manufacturers. But which brands came out on top in March? VW returns to growth Volkswagen (VW) remained the EU’s best-selling brand in the month. The German carmaker secured 115,612 registrations in the month, giving it a 10% market share. The performance meant registrations increased by 2.2% year on year, the marque’s first improvement of 2026. While VW’s share of the EU total was commanding, it was also one percentage point (pp) down on March 2025. This symbolised the increasing competition in the bloc’s automotive market. Group stablemate Skoda kept its position as second-best-selling brand in March, thanks to 75,104 registrations. The carmaker has been the most consistent performer of the VW Group marques across the first quarter. It was the only one to see growth in each month. March represented its best volume of 2026, with a 21.2% increase year on year. This was enough for a 6.5% hold of the EU market. Renault had its strongest period of the year in terms of volumes. With 72,193 units, the 3.6% increase during March 2025 saw it jump to third. The carmaker secured 6.2% of the market, although this was a drop of 0.6pp. Toyota was the fourth-best-selling brand in the month, thanks to 70,638 deliveries. Volumes increased by 6.7% compared to the same point 12 months prior, while its 6.1% market share was down 0.3pp. Ending the month in fifth was BMW. The carmaker saw 67,102 deliveries in the month, an increase of 18.5%. This meant its market share increased, albeit by just 0.3pp, to 5.8%. A rise and fall market In total, 25 of the EU’s major brands saw volumes increase year on year. However, 13 marques suffered registration decreases in March. Peugeot was the highest-volume brand to record a decline. Despite leading the Stellantis Group in terms of deliveries, its 54,454 units was 10.6% down year on year. This meant its market share fell from 5.9% in March 2025 to 4.7% last month. Ford also struggled in March, recording its third volume drop of 2026. With 26,029 units, deliveries fell 14.5%. Meanwhile, both Alfa Romeo and Mitsubishi saw drops of 17.2% and 33%, respectively. BYD saw the greatest year-on-year registration growth. The Chinese brand delivered 21,158 units to customers across the EU, a 155.2% increase in volumes. This was enough for a 1.8% market share, up 1pp. It ended March as the 21st best-selling brand in the EU. Tesla also saw a jump in fortunes. In total, the carmaker recorded 36,868 deliveries, a rise of 101.9%. With a 3.2% market share, up 1.4pp, it placed 13th in the month. New entrants making gains The latest ACEA data covers the results of 38 carmakers, with some smaller-volume brands grouped together. However, according to Autovista24 analysis, there were 50,337 registrations in March that were not attributed to brands in the available data. This grouping likely includes marques such as Xpeng, Omoda and Jaecoo, as well as other new brands to the EU. These brands had a strong presence in the European electric vehicle (EV) market during February, according to the latest data from EV Volumes. This category is steadily increasing. Non-attributed registrations increased by 209.3% in March, based on Autovista24 calculations. This gave the grouping a 4.3% share of the market, up from just 1.6% a year prior. After three months of 2026, this grouping saw an increase of 65.3%, with 119,999 units delivered to EU customers. This was enough for 4.3% of the market, a rise of 1.6pp. With more brands entering the EU market, the increased competition is diluting the shares of more established carmakers. While many saw year-on-year increases in volumes, their market shares fell. As the popularity of these new entrants rises, increasing choice for buyers, it is likely that more share dilution will occur. Strong results in first quarter Across the first quarter of the year, VW was the leading brand in the EU, with 292,231 deliveries. However, this was a drop of 3.5% year-on-year. Yet the carmaker’s market share was 10.4%, down by 0.8pp, but still 3.6pp ahead of its nearest competitor. Jumping into second after its strong performance in March was Skoda. With 191,657 units, it saw volumes jump 16.9% in the first quarter. The carmaker overtook Toyota, which dropped third with 188,140 deliveries in the three-month period. Once again, BYD saw the greatest registration increase. Across the first three months of 2026, its EU volumes improved by 169.7%, as the Chinese carmaker found its stride. As it did in March, BYD took 1.8% of the market. It was followed by Tesla, which took second in terms of growth thanks to its strong March performance. Its volumes increased by 59.6% compared with the same period last year, as 57,792 units were delivered. The US brand therefore took a 2% share of the total EU market in the month. Ford’s struggles continued in the first quarter. Deliveries were down by 18.9%, as 67,068 units were registered. Dacia also posted a decline in the period, as its 115,418-unit tally was 18.7% down year on year. VW Group dominates in March Thanks to the performance of VW, Skoda and Audi, VW Group was the dominant manufacturing group in March. With 296,431 registrations, it saw volumes rise by 7.8%. It held 25.6% of the market in the month, although with increasing competition, this dropped by 1.1pp. The result was not helped by declines for the Cupra, SEAT and Porsche brands. However, the Group’s top three marques made up 82.9% of the German carmaker’s total, powering it to an improvement. Despite counting more brands under its umbrella, Stellantis was still some way off the top spot. Its 184,842-unit tally was up 6.8% compared to March 2025, while its 16% market share was down 0.8pp. The group’s volumes were not helped by the poor result for Peugeot, which made up 29.5% of Stellantis’ total deliveries in the month. This was slightly countered by Fiat, including Abarth, which saw volumes increase 26.7%, in another strong performance for the Italian marque. Citroën also helped, with an 18.3% increase, while registrations from Opel improved 22.9%. Renault Group experienced its first monthly improvement of the year, with registrations up 3.9%. For the first time in 2026, Renault, Dacia and Alpine all posted simultaneous growth. With Renault making up 57.7% of the group’s deliveries, its strong performance in March helped boost overall volumes. A difficult pattern for some The manufacturing group results for the first quarter mirrored those of March. VW Group led the way with 745,828 deliveries, up 2.5% compared to the same period of 2025. However, its market share fell by 0.4pp, to 26.4%. While the VW brand saw a decline, the combined totals of Skoda and Audi, making up 44.1% of the group’s total, were enough to keep the overall delivery volume positive. Stellantis was the second-biggest volume group after three months of the year, with 489,081 units, up 8.5%. While Peugeot struggled, with a 7.2% drop, Fiat, Citroën and Opel, making up 58% of volumes, were able to aid the group’s growth. While sitting in third, the rollercoaster results from Renault Group meant that its 286,296 registrations were down 8.4% year on year. Two of its marques saw losses after the first quarter of 2026 was complete, with Renault dropping 0.1%, while Dacia fell 18.7%. Only Alpine registered an increase, of 20.9%, but the brand made up just 0.8% of the group’s volume total.
Human hand opening a car door with abstract city lights creating a colorful bokeh background Used Vehicle Market

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The Automotive Update: Used Vehicle Retail Summit and regional EV sales

What are the big takeaways from the Used Vehicle Retail Summit? Which electric vehicle (EV) markets stood out in the latest EV Volumes data? Tom Geggus, Autovista24 editor, investigates in the Automotive Update podcast. In this episode, Autovista24 unpacks the Used Vehicle Retail Summit, with insights from journalist Tom Hooker. Plus, analysis of global EV sales results from China, Europe and Australia. Subscribe to the Autovista24 podcast and listen to previous episodes on Spotify, Apple and Amazon Music. Exploring used vehicle retail This year’s Used Vehicle Retail Summit explored the past, present, and future state of the retail sector. The event focused on EVs and how an influx of plug-in vehicles entering the used-car market can be handled. Key topics included EV adoption trends and changing consumer expectations, plus retail’s digital acceleration. Other important considerations included operational optimisation, plus building confidence in battery-electric vehicle (BEV) resale. New dealer strategies, cross-border sales and battery state of health (SoH) reports all emerged as keenly discussed issues. EV retail focus Surging used EV sales were a major talking point. Speakers highlighted the significance of dealers cementing their EV strategy as soon as possible. This includes calming consumers’ EV concerns with SoH data and exploring battery repair instead of replacement. For consumers, the average car-buying journey is shortening. This may be a result of more online-based purchasing processes and an increase in AI-powered research. Used-vehicle buyers are also demonstrating higher brand switching behaviour than new-car buyers, speakers revealed.  Overall, a mix of online and in-person channels is now the preferred buying process. Information gathering is now largely digital, yet viewing the vehicle still needs to be in-person for many. Speakers identified opportunities to improve the buying journey, as technology can be used to help. However, personal relationships still play a critical role. Easing retail consumer concerns Within an evolving buying process for consumers, dealers, and certified pre-owned portals, more battery health data is now available. To make this easy to understand for buyers, some portals are recalculating vehicle range using SoH reports. Meanwhile, cross-border sales are a notable opportunity to boost dealer profitability, something which is particularly apparent for BEVs. One speaker highlighted that all-electric cars could see significant fluctuations, with cycles as short as 60 days in one market. Declining EV sales According to data from EV Volumes, BEV and plug-in hybrid (PHEV) sales declined across major new-car markets in February. China was a major influencer of this trend as it saw EV sales fall year on year. Nearly half of all new EV sales took place in the country across the first two months of 2026. The US new EV market also fell between January and February. Conversely, some European countries, such as Germany and the UK, saw BEV and PHEV sales increase. Meanwhile, the Australian new EV market continued to grow.
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New BEV market growth continues at pace in Australia

February continued a strong start to 2026 for battery-electric vehicle (BEV) sales in Australia. New and established carmakers are competing for ground in the country, but which models are leading the way so far? James Roberts, Autovista24 web editor, investigates. In total, 11,101 new BEVs were sold in Australia during February, according to the latest data from EV Volumes. This was a rise from 5,707 in February 2025, marking a year-on-year increase of 94.5%. After the first two months of 2026, BEV sales reached 18,656 units, up from 9,577 in the same period of 2025. This meant that BEV numbers increased by 94.8% in Australia. So far, 2026 has confirmed Australia’s BEV market as a crucible of intensifying competition. In particular, the established fixture of Tesla is facing a challenge to its supremacy with multiple model offerings from BYD. Added to this mix, Geely, along with its Zeekr brand, are disrupting the established all-electric order. Tesla on top in February For now, Tesla remains at the top of Australia’s BEV model chart, thanks to a strong performance from its Model Y in February. It captured 25.1% of the overall BEV market, up 8.9 percentage points (pp) compared with 12 months prior. The venerable BEV saw 2,791 units delivered in the month, ensuring a 202.1% year-on-year volume upswing. This was a record February result for the model, with Tesla often posting more sales during end-of-quarter months. Taking into account total BEV sales two months of the year, the Model Y led the way with 3,079 units. This was good enough for a 16.5% market share. In second, BYD’s BEV challenger the Sealion 7 saw 1,327 vehicles reach customers in Australia. A huge 745.2% boost in year-on-year sales affirmed the domestic popularity of the all-electric SUV. This was coupled with a BEV market share of 12%, up 9.2pp year on year. February marked 12 months of sales for the Sealion 7, recording 15,908 deliveries in that period, according to EV Volumes. This places it as the fourth best-selling BEV overall in Australia. Combining January and February’s data, the Sealion 7 was hot on the heels of the Model Y. It trailed the US BEV by 581 units, with 2,498 sales and a 13.4% market share. Changing of the BEV market guard? The Zeekr 7X rounded out Australia’s BEV top three in February. After six months on the market, the mid-sized SUV saw 628 units leave forecourts in the month. This ensured a 5.7% share. It also held third place after two months of the year, with 1,046 deliveries and a 5.6% market share. Despite a 27.7% year-on-year volume drop, the Tesla Model 3 secured fourth with 483 units sold. This did mean the US BEV’s market share fell to 4.4%, a year-on-year decline of 7.3pp. February confirmed the Geely EX5 as a serious player in Australia. The Chinese SUV saw 416-unit sales, putting it fifth. This continued an unbroken streak of triple-digit sales since its launch in March 2025. It carved out a 3.7% BEV market share in the month. Sixth went to a relative BEV market veteran in the shape of the MG4. Since its launch in August 2023, the compact hatchback has sold 13,719 units. In February it saw a robust 406 deliveries, a respectable result for the model. However, this performance was overshadowed by increased competition. Amid a 10% year-on-year fall in sales, the MG4 saw its market share slide by 4.2pp. BYD making wider BEV market waves On the back of a promising January, a trio of BYD BEVs continued a strong top 10 showing in February. More importantly, the Chinese manufacturer made a considerable impact in the year-to-date table. After almost three and a half years in the Australian market, the BYD Atto 3 remained popular in the month. This was affirmed by the model taking seventh with 384 units sold, marking a 178.3% year-on-year surge. This helped increase the Chinese BEV’s market share up by 1.1pp to 3.5%. The BYD Atto 1 secured ninth place. Joining the Australian BEV market in late 2025, this small and affordable EV has hit the ground running. The month returned a second, triple-digit volume, with 349 sales and a 3.1% market share. Rounding out the top 10 was the BYD Atto 2. This small SUV is emerging as a popular choice for BEV customers in Australia. It is also proving to be a genuine market disruptor. February saw a fourth month on the market, and 347 sales. However, it is in the year-to-date stakes where this small BEV impresses. Cumulative sales so far this year place the Atto 2 as the fourth best-selling BEV, with 909 units. As Australia’s most affordable SUV, according to RACV, its impressive 4.9% market share will surely grow this year. Despite not making the February top 10, a consistent performance helped the BYD Seal finished eighth two months into 2026. It gained with 597 sales in that period. Will Chery be on top in 2026? February also saw strong showings from Chery-owned brands. In just its second month on the BEV market, the Jaecoo J5 secured eighth with 369 sales and a 3.3% market share. This strong start was enough to ensure 10th place in the cumulative standings. In total, 584 units made their way to customers across January and February. Sister brand Omoda also enjoyed a strong start to 2026. The company’s E5 BEV reached 299 sales, placing it 16th with combined January and February volumes.

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