JPM Autos Tracker: European Car Market: Jun‘26 Update: Positive Momentum Continues to Build as Volume Increases by ~12% Y/Y, (+23.1 M/M and +6.6% YTD) and Ongoing Market Share Growth for Chinese OEMs

Research evidence excerpt

JPM Autos Tracker: European Car Market: Jun‘26 Update: Positive Momentum Continues to Build as Volume Increases by ~12% Y/Y, (+23.1 M/M and +6.6% YTD) and Ongoing Market Share Growth for Chinese OEMs

J P M O R G A N Europe Equity Research

06 July 2026

JPM Autos Tracker: European Car

Market

Jun’26 Update: Positive Momentum Continues to Build

as Volume Increases by %12 Y/Y, (+23.1 M/M and

+6.6% YTD) and Ongoing Market Share Growth for

Chinese OEMs

Passenger car sales across the five major European countries were up ~12% European Autos & Auto Parts

ACy/y to 973k units in Jun’26, but still remained down ~10% vs pre-COVID -19 Jose M Asumendi

levels of Jun’19. Volumes were up ~11% y/y in France, up ~11% y/y in the UK, (44-20) 7742-5315

~11% y/y in Italy, 16% y/y in Germany and ~8% in Spain. jose.m.asumendi@jpmorgan.com

J.P. Morgan Securities plc

All eyes on market share. Chinese OEMs have expanded their market share in Piyush Singla

Western Europe from about 7.4% in Jun’25 to around 12.8% in Jun’26 (up almost (91-22) 6157-3324

piyush.singla@jpmorgan.com

540 basis points). Tesla sales were up again by ~86% y/y compared to Jun’25, J.P. Morgan India Private Limited

marking the fifth strong month of rebound after 13 consecutive months of y/y

declines. VW has maintained solid market share over the past four years. The focus

is on STLA having lost ~3% of market share in Europe over the past four years but

has gained marfket share YTD’26 hovering around 18% and looking forward to

Renault coming off a very strong product cycle which has helped the firm maintain

share the past few years.

If you wish to have the data used to support this note, please reach out to us

at: jose.m.asumendi@jpmorgan.com.

Jun'26 Private and non-private demand remains the main driver of car sales in

Europe.