In February 2022, only 719,465 passenger cars were newly registered in the EU. The monthly result is 6.7 percent below the previous year and marks a new record low. The downward trend from the previous month is therefore continuing.
There were last positive signals on the European car market in June 2021, when new car registrations in the EU were 10.4 percent above the previous year's result. Since then it's only been downhill. A trend that will continue in 2022. After two months, new passenger car registrations in the EU are 1,401,960 vehicles, 6.4 percent below the previous year.
Germany still in the plus
The German market, on the other hand, grew slightly in February. With 200,512 new registrations, the European automobile manufacturers association ACEA recorded an increase of 3.2 percent compared to the previous year. In France, on the other hand, only 115,383 new passenger car registrations in February resulted in a minus of 13.0 percent. The market in Italy is also going downhill. Minus 22.6 percent means only 110,869 new passenger car registrations. Spain, on the other hand, can increase by 6.6 percent compared to the same month last year to 62,103 new car registrations. The British market also paints a positive picture. Although the ex-EU member only had 58,995 new cars in February, they still bring an increase of 15 percent compared to the previous year. In the volume markets, only Germany (+ 5.6%) and Spain (+ 4.2%) grew over the first two months of the year. France (-15.7%) and Italy (-21.1%) lose significantly.,
Toyota is in second place
The market leadership falls again in February 2022 to the Volkswagen group, which takes 24.5 percent of the cake secures. The competing Stellantis group can skim off 21.2 percent of the total market with its brands. The strongest player in the EU remains the VW brand with a market share of 10.2 percent. Meanwhile, the Japanese carmaker Toyota has worked its way up to second place, with a market share of 6.7 percent and Peugeot (6.5 percent) in third place. They are followed by Mercedes and Renault, each with 5.6 percent. With a market share of 5.4 percent, BMW is just ahead of Skoda (5.3 percent).
Other places are followed by Audi (5.0%), Kia (4.8%), Ford and Hyundai (4.5% each), Fiat (4.1%), Dacia and Citroën (4.0 each). %), Opel (3.9%), Seat (3.4%) and Volvo (2.3%).,
Conclusion
New passenger car registrations in Europe just don't want to get going. Chip shortages and supply chain problems pushed new car registrations in the EU to a historic low in February. Toyota pulls out of the affair remarkably and is now the second strongest brand in the EU. The Russian invasion of Ukraine will cause additional burdens in the coming months!
