Alfa Romeo Statistics By Vehicle Sales, Market, Revenue and Facts

Introduction

Alfa Romeo Statistics: Alfa Romeo is a name that stirs up images of style, speed, and Italian flair. This famous car company has been making people dream for over a century. Born in Italy, Alfa Romeo is known for its beautiful cars. They look like works of art, with smooth lines and a sporty look. But these cars aren’t just pretty to look at. They are built to perform. With powerful engines and great handling, Alfa Romeos are a joy to drive.

Over the years, Alfa Romeo has made many different types of cars. From fast sports cars to comfortable family vehicles, there’s an Alfa Romeo for almost everyone. Now, Let’s understand the brand’s performance in the current worldwide market, as analyzed by these Alfa Romeo Statistics.

Editor’s Choice

• Alfa Romeo Statistics 2024 estimates that in the current year, the revenue will reach USD 90 million.
• Alfa Romeo was one of the 10th most valuable Formula One teams in 2023, with a value of 900 million. Ferrari, Mercedes, and Red Bull Racing took top places, with a collective value of 10,000 million.
• Moreover, revenue is estimated to grow at an annual rate of 0.46%, leading to a market volume of USD 92 million by the forecast period.
• In the worldwide market, Alfa Romeo is strategically trying to maintain its average CO2 emissions at the lowest levels. As of 2024, it is estimated to reach 183 grams per kilometer. However, in the future, it will significantly reduce to 134 grams per kilometer.
• In North America, Alfa Romeo’s market share was about 0.7% in 2023, with sales figures reaching approximately 15,000 units. The Stelvio SUV was particularly popular in this region.
• In 2023, Alfa Romeo generated 68,000+ registrations worldwide, making Italy the largest country in a similar segment.
• Alfa Romeo won 69 million in prize money, taking place in one of the best teams with the most prize money won in 2023.
• Alfa Romeo was the 3rd brand by US owners in terms of car quality, with 143 problems per 100 vehicles reported. RAM and Dodge are top brands in the same category.
• In the Asia-Pacific region, Alfa Romeo held a smaller market share of 0.5% in 2023, selling about 10,000 vehicles. The brand is still building its presence in this market, with a focus on China and Japan.
• In 2023, Alfa Romeo had a market share of approximately 1.5% in the European luxury car market. The popularity of the Giulia and Stelvio models primarily drove this. In terms of units, Alfa Romeo sold around 50,000 vehicles in Europe in 2023.

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Alfa Romeo Sports Car Market By Region

Worldwide

• Alfa Romeo Statistics 2024 estimates that in the current year, the revenue will reach USD 90 million.
• By 2028, the unit sales are projected to reach 1.1k vehicles.
• Revenue is estimated to grow at an annual rate of 0.46%, leading to a market volume of USD 92 million by the forecast period.
• Furthermore, the volume-weighted average price of the same is anticipated to reach US$81k.

Alfa Romeo Vehicle Sales Worldwide

(Reference: statista.com)

In 2023, Alfa Romeo recorded 0.8 thousand vehicle sales, which are projected to reach 1.1 thousand in the current year. Overall, in the coming years, the brand is expected to experience stable growth in sales.

Alfa Romeo Average CO2 Emission Worldwide

(Reference: statista.com)

In the worldwide market, Alfa Romeo is strategically trying to maintain its average CO2 emissions at the lowest levels. As of 2024, it is estimated to reach 183 grams per kilometer. However, in the future, it will significantly reduce to 134 grams per kilometer.

Alfa Romeo Revenue in the Worldwide Market

(Reference: statista.com)

Alfa Romeo Statistics report that revenue has significantly declined since 2016 to 90 million USD in 2024. Based on market estimates, it will again increase to 107 million USD by 2026. However, with some jumpy revenue records, it is projected to decline again to USD 92 million in 2028.

Americas

• Currently, the American Alfa Romeo sports car market is estimated to amount to US$27 million.
• Furthermore, unit sales are projected to reach 0.3k vehicles by 2028.
• However, between 2024 and 2028, the CAGR is estimated to decline to -2.80%, reducing the market volume to 24 million US dollars by the forecast period.
• The volume-weighted average prices in the American market are estimated to reach US$80k.

Africa

• As of 2024, the African Alfa Romeo market is expected to amount to US$2 million.
• By 2028, the unit sales are estimated to reach 30.0 vehicles.
• Furthermore, the annual growth rate in the region is projected to be 3.91%, keeping the market volume stable at US$2 million by the forecast year.

Europe

• In 2024, the European Alfa Romeo Sports Car market is valued at US$61 million.
• The annual growth rate is expected to be 1.71% between 2024 and 2028, bringing the market volume to US$65 million by 2028.
• In addition, by the similar forecast period, unit sales are projected to reach 0.8k vehicles.
• The volume-weighted average price is projected to reach US$81k.

Alfa Romeo Medium Cars Market By Region

Worldwide

• Alfa Romeo Statistics shows that in the current year, the revenue will reach US$1 billion.
• The revenue in the worldwide market is estimated to grow at an annual rate of 3.21%, reaching a market volume of US$92 million by the forecast period.
• By 2028, unit sales are projected to reach 1 billion US dollars for vehicles.
• The volume-weighted average prices in the worldwide medium cars market are estimated to reach US$27k.

Africa

• The African Alfa Romeo Medium car market is expected to amount to US$2 million in 2024. In addition, unit sales are estimated to reach 81.0 vehicles by 2028.
• The volume-weighted average prices are estimated to reach US$27k.
• By 2028, unit sales are projected to reach 81.0 vehicles for vehicles.

Americas

• The unit sales of medium cars in the American market are estimated to reach 69.0 vehicles by 2028.
• As of today, the American market is estimated to amount to US$2 million.
• Revenue is estimated to decline at an annual rate of -0.26%, with market volume stable at US$2 million by 2028.
• The volume-weighted average prices are estimated to be US$27k.

Europe

• Currently, the European Alfa Romeo medium car market is estimated to be US$1 billion.
• The revenue is estimated to grow at a CAGR of 3.21%, reaching a market volume of US$1 billion by 2028.
• The volume-weighted average will be US$27k in 2024.
• Furthermore, unit sales are projected to reach 21.6k vehicles by 2028.

Best Car Brands by US new car owners by car quality 2023

(Source: statista.com)

Alfa Romeo Statistics 2023 mentioned that Alfa Romeo was the 3rd brand by US owners by car quality, with 143 problems per 100 vehicles reported. RAM and Dodge are top brands in the same category.

Most Valuable Formula One Team By Team Value

(Reference: statista.com)

Alfa Romeo was one of the 10th most valuable Formula One teams in 2023, with a value of 900 million. Ferrari, Mercedes, and Red Bull Racing took top places, with a collective value of 10,000 million.

Formula 1 Price Money 2023 By Team

(Reference: statista.com)

Alfa Romeo won 69 million in prize money, taking place in one of the best teams with the most prize money won in 2023. Once again, Red Bull, Mercedes, and Ferrari became the top competitors of Alfa Romeo.

Alfa Romeo Registrations By Country 2023

In 2023, Alfa Romeo generated 68,000+ registrations worldwide, making Italy the largest country in a similar segment.

(Source: clubalfa.it)

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Alfa Romeo Market Overview

Alfa Romeo is an Italian luxury car manufacturer known for its high-performance vehicles and stylish designs. Established in 1910, the company has a rich history in automotive innovation and racing. Alfa Romeo is part of the Stellantis group, which also includes brands like Fiat, Chrysler, and Peugeot.

Types of Vehicles Manufactured by Alfa Romeo

Alfa Romeo manufactures a range of vehicles, including:

• Sedans – The Giulia is a popular model known for its sporty performance and elegant design.
• SUVs – The Stelvio is a well-regarded luxury SUV, offering both style and practicality.
• Sports Cars – Alfa Romeo is famous for its high-performance sports cars, such as the 4C Spider.

Market Share By Types of Vehicles Region-Wise

Europe

In 2023, Alfa Romeo had a market share of approximately 1.5% in the European luxury car market. The popularity of the Giulia and Stelvio models primarily drove this. In terms of units, Alfa Romeo sold around 50,000 vehicles in Europe in 2023.

For 2024, the market share is projected to increase slightly to 1.7%, with estimated sales of around 55,000 units. This growth is expected due to new model releases and an increased focus on hybrid and electric vehicles.

North America

In North America, Alfa Romeo’s market share was about 0.7% in 2023, with sales figures reaching approximately 15,000 units. The Stelvio SUV was particularly popular in this region.

In 2024, the market share is expected to remain steady at 0.7%, with sales projected to be around 16,000 units. The introduction of new technology and model updates are anticipated to maintain this level of market presence.

Asia-Pacific

In the Asia-Pacific region, Alfa Romeo held a smaller market share of 0.5% in 2023, selling about 10,000 vehicles. The brand is still building its presence in this market, with a focus on China and Japan.

For 2024, the market share is expected to grow to 0.6%, with sales projected at approximately 12,000 units. This growth is attributed to expanding dealership networks and targeted marketing strategies.

Alfa Romeo’s Product Launches and Product Developments

2023

In 2023, Alfa Romeo made significant strides in expanding and upgrading its product lineup. The key developments included:

• Alfa Romeo Tonale – The Tonale, a compact SUV, was launched in early 2023. Priced around USD 45,000, it features a plug-in hybrid (PHEV) variant, combining a 1.3-litre turbocharged engine with an electric motor. This model aims to appeal to eco-conscious consumers and those looking for a versatile vehicle.
• Giulia and Stelvio Facelift – Both the Giulia sedan and Stelvio SUV received mid-cycle facelifts. The updates included refreshed exterior styling, enhanced interior features, and the latest infotainment systems. These models maintained their competitive edge in the luxury market, with prices starting at USD 42,000 for the Giulia and USD 50,000 for the Stelvio.

2024

In 2024, Alfa Romeo plans to continue its innovation and market expansion with several exciting developments:

• Alfa Romeo Brennero – The Brennero, a subcompact SUV, is scheduled for launch in mid-2024. With a starting price of approximately USD 35,000, it will offer both traditional internal combustion engine (ICE) and electric vehicle (EV) variants. The EV version is expected to have a range of around 300 miles, targeting urban customers and young professionals.
• Expansion of EV Lineup – Alfa Romeo is set to introduce fully electric versions of the Giulia and Stelvio by the end of 2024. These models are anticipated to feature cutting-edge battery technology and a range of up to 350 miles on a single charge. Prices for the electric variants are expected to start at USD 60,000 for the Giulia and USD 70,000 for the Stelvio.

Future Product Launches and Developments

Looking beyond 2024, Alfa Romeo has ambitious plans to solidify its position in the luxury automotive market and enhance its environmental sustainability efforts:

• Next-Generation Sports Car – Alfa Romeo is developing a next-generation sports car, set to be unveiled in 2025. This vehicle will leverage advanced hybrid technology, combining high performance with improved fuel efficiency. It is expected to be priced at around $80,000.
• Autonomous Driving Features – By 2026, Alfa Romeo aims to introduce Level 3 autonomous driving features across its lineup, enhancing safety and convenience for drivers.

Contribution to Reduced Carbon Emissions

Alfa Romeo is committed to reducing its carbon footprint and contributing to a more sustainable future in the automotive industry. The company’s efforts include:

• Electrification Strategy – Alfa Romeo has committed to electrifying its entire lineup by 2027. This strategy involves launching hybrid and fully electric models to replace traditional ICE vehicles, significantly reducing CO2 emissions.
• Sustainable Manufacturing Practices – The company is investing in greener manufacturing processes. By 2023, Alfa Romeo had reduced its factory emissions by 15% compared to 2020. This was achieved through energy-efficient technologies and increased use of renewable energy sources.
• Carbon Offsetting Initiatives—In 2024, Alfa Romeo will begin a carbon offset program aimed at neutralizing the emissions from its vehicles’ production and lifecycle. This initiative includes investing in reforestation and renewable energy projects worldwide.

Conclusion

In conclusion to Alfa Romeo Statistics, the company’s efforts to reduce carbon emissions through electrification and sustainable practices reflect its dedication to environmental responsibility. The product prices, starting from USD 35,000 for the Brennero and reaching up to USD 80,000 for the next-generation sports car, indicate Alfa Romeo’s broad market appeal and strategic positioning in the luxury automotive sector.

Overall, Alfa Romeo is a distinguished brand in the luxury car segment, producing sedans, SUVs, and sports cars. The company’s market share varies by region, with a notable presence in Europe and growing footprints in North America and Asia-Pacific.

Pramod Pawar

Pramod Pawar brings over a decade of SEO expertise to his role as the co-founder of 11Press and Prudour Market Research firm. A B.E. IT graduate from Shivaji University, Pramod has honed his skills in analyzing and writing about statistics pertinent to technology and science. His deep understanding of digital strategies enhances the impactful insights he provides through his work. Outside of his professional endeavors, Pramod enjoys playing cricket and delving into books across various genres, enriching his knowledge and staying inspired. His diverse experiences and interests fuel his innovative approach to statistical research and content creation.

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