EU registrations October 2022

New passenger car registrations in the EU increased by 12.2 percent in October. In the annual balance so far, however, there is still a big minus.

The European new car market grew in October for the third month in a row. With 745,855 cars sold, the result increased by 12.2 percent compared to the previous year. Measured against the pre-Corona October 2019, the market is still missing around 290,000 units.

The annual balance so far is still negative despite the last positive results. With 7,529,965 new cars sold, the balance sheet shows a minus of 8.1 percent after ten months compared to the same period last year.

Growth in almost all markets

The increase in October is mainly due to increasing sales in the volume markets, but numerous small markets are also clearly up. The German market grew by 16.8 percent to 208,642 new vehicles. Our French neighbors report 124,981 new cars sold and an increase of 5.5 percent. In Italy, the increase is 14.6 percent. 115,827 new cars were sold here. With 65,966 new cars, Spain achieved growth of 11.7 percent. The ex-EU country Great Britain was also on the up. Here, 134,344 new passenger car registrations ensure an increase of 26.4 percent. ,

Toyota is establishing itself as the second force

The market leadership in Europe remains with the Volkswagen Group, which has a market share of 25.5 percent with its brands. The Stellantis group follows with 19 percent ahead of the Renault family with 10.3 percent. As a brand, VW also claims market leadership in the EU with a market share of 11.4 percent. Toyota establishes itself as the second force with 7.5 percent. Renault (5.9%) and Peugeot (5.8%) follow well behind. At 5.6 percent, Mercedes is just ahead of Audi (5.4%) and BMW (5.3%). Skoda follows closely behind (5.1%). Kia, with a market share of 4.8 percent, is ahead of sister brands Hyundai and Ford, both of which have 4.4 percent. Further ranks follow Dacia (4.3%), Fiat and Opel (each 3.7%), Citroen (3.2%) and Seat (2.9%) as well as Volvo (2.4%). ,

Conclusion

Although the European new car market has been showing a steady upward trend for three months, it is still behind the previous year and even further behind the pre-Corona period.

0 Comments

Leave a reply

Name *