ACEA — 2022-12-15
Automotive Industry
In November 2022, the EU new passenger car market posted another strong uplift (+16.3%), the fourth in a row this year. Nevertheless – with 829,527 units sold – November’s volumes remained well below the pre-pandemic levels of November 2019, when 1m cars were registered. Most of the region’s markets contributed positively to this overall growth, including the four largest ones. The strongest increase was observed in Germany (+31.4%), followed by Italy (+14.7%), Spain (+10.3%) and France (+9.8%) – which also had solid gains.
Eleven months into 2022, new passenger car registrations across the European Union were 6.1% lower compared to the same period last year. Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance. Among the region’s four key markets, Italy recorded the weakest result so far this year (-11.6%), followed by France (-8.7%), Spain (-4.4%) and Germany (-2.4%).
"Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance."