The Czech Republic’s car market underwent significant growth in May 2024, where the total new vehicle sales reached 19,546, an increase of 6.1%. This upsurge raised the year-to-date (YTD) sales to 3.2% higher, totaling 77,151 units. The revival of the market was marked by a phenomenal rise of the Škoda Kodiaq, which reached an all-time best position, and general good performances from various brands.

Skoda Kodiaq's Record-Breaking Performance:

In April 2024, the Škoda Kodiaq recorded a major milestone with sales rising by 25.5% and settling for the second position. This is an achievement worth mentioning because it is the highest rank ever attained by this model, having surpassed its previous best of third place on five different occasions.

Market Share and Growth of Leading Brands:

Škoda’s home market share was preserved at 32.8% even after reducing slightly by 7.4%. Secondly, Toyota had a strong increase of 52.7%, thus securing its place on the podium. Hyundai and Volkswagen were also impressive during YTD, which saw the two register gains of 9.4% and 6.4%, respectively.

Top 10 Brands in the Czech Republic's Auto Market:

1.         Škoda - 6,404 units, 32.80% market share

2.         Toyota - 1,834 units, 9.40% market share

3.         Hyundai - 1,683 units, 8.60% market share

4.         Volkswagen - 1,200 units, 6.10% market share

5.         Dacia - 842 units, 4.30% market share

6.         Kia - 820 units, 4.20% market share

7.         Mercedes - 782 units, 4.00% market share

8.         BMW - 497 units, 2.50% market share

9.         Volvo - 494 units, 2.50% market share

10.       Ford - 482 units, 2.50% market share

Top Models Driving Market Growth:

The Škoda Octavia maintained its leadership position in the market with a 10.00% market share, declining slightly by 3.8%, followed closely by the Škoda Scala at 4.30% and Škoda Kamiq at 4.10%. Others contributing to the overall market growth were the Hyundai i30 and Škoda Karoq.

Top 10 Models in the Czech Republic's Auto Market:

1.         Škoda Octavia - 1,945 units, 10.00% market share

2.         Škoda Kodiaq - 969 units, 5.00% market share

3.         Škoda Scala - 837 units, 4.30% market share

4.         Škoda Kamiq - 792 units, 4.10% market share

5.         Hyundai i30 - 732 units, 3.70% market share

6.         Škoda Karoq - 667 units, 3.40% market share

7.         Škoda Superb - 555 units, 2.80% market share

8.         Škoda Fabia - 549 units, 2.80% market share

9.         Dacia Duster - 465 units, 2.40% market share

10.       Hyundai Tucson - 443 units, 2.30% market share

Conclusion:

The Czech Republic’s automotive industry has shown remarkable growth in May 2024. The record-setting performance of the Škoda Kodiaq and strong sales for other brands indicate healthy competition and resourcefulness in the marketplace. It will be interesting to watch how different brands adapt to new consumer tastes and economic factors as they continue to change in the future.