Sales of new cars decreased by 104 thousand in July compared to last year
In the first seven months of the year, the decline reached 13.3% yoy
Portugal performed relatively the best (up 17.6% yoy) while sales in Lithuania showed the weakest change compared to the last year (down 34.3% yoy)
Sales of new passenger cars reached 875 thousand in July 2022 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 10.6%, or 104 thousand less than in the previous year. In the first seven months of 2022, some 6,473 thousand cars were sold in Europe, down 13.3% yoy.
In July 2022, new car registrations in the EU decreased 10.4% yoy, despite an already low base of comparison caused by the ongoing semiconductor shortage. All the four major EU markets performed worse than one year ago.
Historically, between 1990 and 2022, sales of passenger cars in Europe reached a high of 1,937 thousand in March 2017 and a low of 292 thousand in April 2020.
In July, most vehicles (206 thousand) were sold in Germany (down 12.9% yoy), followed by the United Kingdom (112 thousand, down 9.03%), Italy with 110 thousand cars (down 0.774%), 108 thousand new vehicles were registered in France (down 7.06%) and 73.4 thousand in Spain (down 12.5%). The five largest countries accounted for 61.2% of total new vehicles registered in July 2022.
In absolute terms, the best performance in sales of new cars has been seen in Portugal (up 2.17 thousand cars) and Sweden (up 1.06 thousand cars). At the other end of the scale, Germany and the United Kingdom showed the weakest change in registration of new cars in July when compared to last year (down 30.5 thousand and down 11.1 thousand cars, respectively).
In relative terms, sales in Portugal (+17.6%) and Sweden (+6.29%) performed the best compared to a year ago, whereas registration in Lithuania and Estonia the worst (-34.3% and -32.1% yoy), in July 2022, according to ACEA:
In the first seven months of the year, some 6,473 thousand cars were sold in Europe, down 13.3% yoy. The table below shows details of the sales for each of the European country:
| Country | July 2022 | July 2021 | YOY Change % | 1-7/2022 | 1-7/2021 | YOY Change % |
|---|---|---|---|---|---|---|
| Austria | 16.1 | 19.9 | -19.3 | 125 | 154 | -19.2 |
| Belgium | 26.2 | 27.6 | -5.09 | 222 | 260 | -14.8 |
| Bulgaria | 2.74 | 2.76 | -0.869 | 17.4 | 15.7 | 10.8 |
| Croatia | 5.13 | 5.60 | -8.41 | 28.0 | 31.6 | -11.3 |
| Cyprus | 1.11 | 1.19 | -6.89 | 7.24 | 6.94 | 4.38 |
| Czechia | 13.4 | 18.4 | -26.9 | 112 | 131 | -14.4 |
| Denmark | 9.83 | 13.4 | -26.7 | 83.4 | 110 | -24.1 |
| Estonia | 1.57 | 2.31 | -32.1 | 12.6 | 15.3 | -17.1 |
| Finland | 5.50 | 7.49 | -26.5 | 49.0 | 64.2 | -23.7 |
| France | 108 | 116 | -7.06 | 880 | 1,038 | -15.3 |
| Germany | 206 | 236 | -12.9 | 1,444 | 1,627 | -11.3 |
| Greece | 10.9 | 10.6 | 2.72 | 65.7 | 68.9 | -4.67 |
| Hungary | 8.96 | 10.6 | -15.3 | 66.4 | 75.3 | -11.9 |
| Iceland | 1.63 | 1.74 | -6.82 | 10.9 | 7.87 | 38.3 |
| Ireland | 21.8 | 26.4 | -17.3 | 87.1 | 90.5 | -3.73 |
| Italy | 110 | 110 | -0.774 | 794 | 994 | -20.2 |
| Latvia | 1.47 | 1.56 | -5.83 | 9.62 | 9.24 | 4.01 |
| Lithuania | 2.14 | 3.25 | -34.3 | 16.1 | 21.9 | -26.3 |
| Luxembourg | 3.72 | 3.98 | -6.60 | 25.5 | 29.3 | -12.8 |
| Netherlands | 22.1 | 26.9 | -17.9 | 176 | 191 | -7.55 |
| Norway | 7.25 | 10.5 | -31.0 | 75.8 | 94.4 | -19.8 |
| Poland | 34.7 | 38.8 | -10.7 | 247 | 282 | -12.4 |
| Portugal | 14.5 | 12.3 | 17.6 | 89.9 | 93.8 | -4.08 |
| Romania | 12.1 | 15.5 | -21.9 | 70.8 | 63.2 | 12.1 |
| Slovakia | 6.22 | 7.70 | -19.2 | 46.2 | 46.1 | 0.065 |
| Slovenia | 3.80 | 4.43 | -14.2 | 29.6 | 35.4 | -16.3 |
| Spain | 73.4 | 83.9 | -12.5 | 481 | 541 | -11.0 |
| Sweden | 17.8 | 16.8 | 6.29 | 162 | 190 | -14.7 |
| Switzerland | 15.7 | 19.4 | -19.3 | 125 | 144 | -13.0 |
| United Kingdom | 112 | 123 | -9.03 | 914 | 1,033 | -11.5 |
| EU + EFTA | 875 | 979 | -10.6 | 6,473 | 7,466 | -13.3 |
Volkswagen Group sold the most cars in July 2022 in Europe, some 233 thousand vehicles representing 26.7% of the European market. Sales of PSA Group amounted to 118 thousand vehicles (or 13.5% of the market) while Hyundai Group and Renault Group held 10.5% and 9.60% of the European market in July. Overall, the five largest manufacturers sold 68.0% of all new cars in July:
When compared to last year, Hyundai Motor Company has gained the most in terms of market share rising its market position by 2.12 bp, followed by Toyota Motor Corporation (up 0.779 bp) and Renault (up 0.764 bp). Volkswagen Group were on the other end of the market spectrum dropping 1.97 bp on the market alongside with PSA Peugeot Citroen (down 0.951 bp) and Fiat Chrysler Automobiles (-0.622 bp):
In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 666 thousand sold vehicles, or 10.3% of all new passenger cars sold on the European market in July 2022.
In terms of momentum, Kia gained the most in terms of market share in the first month of the year 2022 (up 1.26 bp) followed by Hyundai and Toyota. Volkswagen and Skoda were on the other end of the market spectrum losing -1.17 bp and -0.639 bp respectively:
Volkswagen Group sold 233 thousand new passenger cars representing a 26.7% share of all new passenger cars sold in Europe in July 2022. This is 13.8% fewer vehicles and a 0.967 pp decrease in market share when compared to last year. Looking back three years, VW's market share was 26.1%.
The Group sold 103 thousand of Volkswagen brand cars in July, followed by 47.5 thousand of Audis and 46.2 thousand of Skodas. Seat sold 28.8 thousand vehicles and Porsche some 7.38 thousand cars in July 2022:
PSA Group sold 118 thousand new passenger cars representing a 13.5% share of all new passenger cars sold in Europe in July 2022. This is 8.36% fewer vehicles and a 0.332 pp increase in market share when compared to last year. By comparison, the market share three years ago stood at 16.0% and is down by 2.50 pp now.
The Group sold 48.1 thousand of Peugeots cars, followed by 34.7 thousand of Opels and 31.1 thousand of Citroens in July 2022:
BMW Group sold 60.0 thousand new passenger cars representing a 6.85% share of all new passenger cars sold in Europe in July 2022. This is 15.6% fewer vehicles and a 0.404 pp decrease in market share when compared to last year. Compared to three years ago, BMW Group's market share is now 1.05 pp higher.
The group sold 47.1 thousand of BMW brand cars, followed by 12.9 thousand of Minis in July 2022:
Hyundai Group sold 91.8 thousand new passenger cars representing a 10.5% share of all new passenger cars sold in Europe in July 2022. This is 3.95% fewer vehicles and a 0.729 pp increase in market share when compared to last year. Compared to three years ago, Hyundai Group's market share is now 3.33 pp higher.
The group sold 45.2 thousand of Kia brand cars, followed by of s in July 2022:
Renault Group sold 83.7 thousand new passenger cars representing a 9.57% share of all new passenger cars sold in Europe in July 2022. This is 3.40% more vehicles and a 1.30 pp increase in market share when compared to last year. By comparison, three years ago, Renault Group's market share was 9.47%.
The group sold 43.4 thousand of Dacia brand cars in July, followed by 40.1 thousand of Renaults and 0.041 thousand of Ladas:
FCA Group sold 48.2 thousand new passenger cars representing a 5.50% share of all new passenger cars sold in Europe in July 2022. This is 12.9% fewer vehicles and a 0.145 pp decrease in market share when compared to last year. By comparison, three years ago FCA Group's market share stood at 5.79%.
The group sold 33.3 thousand of Fiat brand cars in July, followed by 7.99 thousand of Jeeps and 3.01 thousand of Alfa-Romeos:
Toyota Group sold 67.1 thousand new passenger cars representing a 7.67% share of all new passenger cars sold in Europe in July 2022. This is 5.51% fewer vehicles and a 0.415 pp increase in market share when compared to last year. Toyota Group's market share three years ago, by comparison, stood at 5.24%.
The group sold 65.0 thousand of Toyota brand cars in July, with Lexus following at 2.10 thousand cars:
Jaguar Land Rover Group sold 12.4 thousand new passenger cars representing a 1.41% share of all new passenger cars sold in Europe in July 2022. This is 15.4% more vehicles and a 0.319 pp increase in market share when compared to last year. Three years ago however, the market share of Jaguar Land Rover Group was 1.20%.
The group sold 9.98 thousand of Land Rovers in July, followed by 2.38 thousand of Jaguars:
Mercedes-Benz sold 49.0 thousand new passenger cars representing a 5.61% share of all new passenger cars sold in Europe in July 2022. This is 13.1% fewer vehicles and a 0.162 pp decrease in market share when compared to last year. By comparison, three years ago, Mercedes-Benz's market share was 6.35%.
The group sold 48.3 thousand of Mercedes in July, followed by 0.714 thousand of Smart cars:
Ford sold 33.0 thousand new passenger cars representing a 3.77% share of all new passenger cars sold in Europe in July 2022. This is 18.0% fewer vehicles and a 0.337 pp decrease in market share when compared to last year. Compared to three years ago, Ford's market share is now 2.49 pp lower.
Volvo sold 16.5 thousand new passenger cars representing a 1.88% share of all new passenger cars sold in Europe in July 2022. This is 22.3% fewer vehicles and a 0.284 pp decrease in market share when compared to last year. Compared to three years ago, Volvo's market share is now 0.113 pp lower.
Nissan sold 16.1 thousand new passenger cars representing a 1.84% share of all new passenger cars sold in Europe in July 2022. This is 10.9% fewer vehicles and a 0.006 pp decrease in market share when compared to last year. Compared to three years ago, Nissan's market share is now 0.543 pp lower.
Mazda sold 7.12 thousand new passenger cars representing a 0.814% share of all new passenger cars sold in Europe in July 2022. This is 49.5% fewer vehicles and a 0.626 pp decrease in market share when compared to last year. Compared to three years ago, Mazda's market share is now 0.581 pp lower.
Mitsubishi sold 3.87 thousand new passenger cars representing a 0.442% share of all new passenger cars sold in Europe in July 2022. This is 43.2% fewer vehicles and a 0.254 pp decrease in market share when compared to last year. Compared to three years ago, Mitsubishi's market share is now 0.376 pp lower.
Honda sold 4.21 thousand new passenger cars representing a 0.481% share of all new passenger cars sold in Europe in July 2022. This is 43.0% fewer vehicles and a 0.273 pp decrease in market share when compared to last year. Compared to three years ago, Honda's market share is now 0.229 pp lower.
Based on a comparison of 64 countries, China ranked the highest with 20,178 thousand passenger cars sold in 2020 followed by Japan and the USA. Total sales of passenger cars reached 53,599 thousand in 2020 in the world, according to ACEA. This is 15.9% less than in the previous year and 3.98% less than 10 years ago. Historically, total sales of passenger cars reached an all time high of 70,695 thousand in 2017 and an all time low of 11,000 thousand in 1961. The average annual growth stands at 2.39% since 1960.
The top ranked country, China, accounted for 37.6% of all passenger cars sold in the world. The top 3 countries held a 51.1% share while the ten largest countries some 75.9% in 2020.
China was the largest car producer in 2020 with 19,994 thousand followed by Japan and Germany. Total production of passenger cars reached 55,834 thousand in 2020 in the world, according to ACEA. China accounted for 35.8% of the world's production, while the top 3 countries held a 54.6% share and the ten largest countries some 79.3% in 2020:
Based on a comparison of 29 countries, Germany ranked the highest in sales of electric cars with 395 thousand followed by France and United Kingdom in 2020. When looking at the ratio of electric to total new cars sold, Norway ranked the highest with 74.8% followed by Iceland and Sweden:
By contrast, Bulgaria ranked the highest in the number of petrol-fuelled as a proportion of new cars sold with 84.7%, followed by Cyprus and Slovenia. In terms of diesel-fuelled vehicles, Ireland ranked the highest with 33.5% followed by Croatia and Luxembourg:
In 2016, Switzerland ranked the highest in 4x4 drive cars as a share of new cars sold with 42.1% followed by Norway and Sweden. Switzerland ranked the highest in the average power of new cars sold with 122 kW followed by Luxembourg and Sweden:
Based on the latest available data, Lithuania, Estonia and Romania were the countries with the oldest average age of passenger cars. The average age was an ancient 16.8 years in Lithuania, 16.7 years years for Estonia and 16.5 years years in Romania. On the other end of the scale was Austria with 8.30 years years, the United Kingdom with 8.00 years years and Luxembourg with 6.50 years years.
Based on a comparison of 27 firms among Global Car Producers, Volkswagen Group generated the highest sales in 2019 followed by Toyota Motor Corporation and Daimler Group. At the same time, Toyota Motor Corporation had the highest market value followed by Volkswagen Group and Tesla Inc.:
Volkswagen Group generated the highest earnings before interest costs, taxes and depreciation (so called EBITDA) in 2019 followed by Toyota Motor Corporation and General Motors. At the same time, Ferrari generated the highest EBITDA Margin followed by Porsche AG and BMW Group.
Ferrari produced the highest net profit per car sold in 2019 followed by Porsche AG and Toyota Motor Corporation. Ferrari made a net profit of USD 77,831 for each car sold, down 21.7% compared to the previous year.
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