Sales of New Cars in Europe grew 7.94% in September 2022

Sales of new passenger cars reached 1,050 thousand in September 2022 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 7.94%, or 77.2 thousand more than in the previous year. In the first nine months of 2022, some 8,272 thousand cars were sold in Europe, down 9.73% yoy.

In September 2022, new passenger car registrations in the EU rose by 9.6%. The increase was however largely driven by the low base of comparison from last year, when the semiconductor shortage hampered vehicle production. Over the first three quarters of 2022, the EU passenger car market contracted by 9.9% to 6.78 mil units.

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 September, most vehicles (225 thousand) were sold in the United Kingdom (up 4.62% yoy), followed by Germany (225 thousand, up 14.1%), France with 141 thousand cars (up 5.46%), 111 thousand new vehicles were registered in Italy (up 5.52%) and 67.2 thousand in Spain (up 12.7%). The five largest countries accounted for 66.9% of total new vehicles registered in September 2022.

In absolute terms, the best performance in sales of new cars has been seen in Germany (up 27.8 thousand cars) and the United Kingdom (up 9.96 thousand cars). At the other end of the scale, Norway and Denmark showed the weakest change in registration of new cars in September when compared to last year (down 3.35 thousand and down 1.21 thousand cars, respectively).

In relative terms, sales in Bulgaria (+46.4%) and Ireland (+43.5%) performed the best compared to a year ago, whereas registration in Norway and Slovakia the worst (-18.6% and -9.66% yoy), in September 2022, according to ACEA:

Volkswagen Group sold the most cars in September 2022 in Europe, some 250 thousand vehicles representing 23.8% of the European market. Sales of PSA Group amounted to 129 thousand vehicles (or 12.3% of the market) while Hyundai Group and Renault Group held 9.60% and 9.10% of the European market in September. Overall, the five largest manufacturers sold 61.8% of all new cars in September:

When compared to last year, Hyundai Motor Company has gained the most in terms of market share rising its market position by 1.52 bp, followed by Toyota Motor Corporation (up 0.664 bp) and Renault (up 0.455 bp). Volkswagen Group were on the other end of the market spectrum dropping 1.33 bp on the market alongside with PSA Peugeot Citroen (down 0.765 bp) and Fiat Chrysler Automobiles (-0.671 bp):

In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 864 thousand sold vehicles, or 10.4% of all new passenger cars sold on the European market in September 2022.

In terms of momentum, Kia gained the most in terms of market share in the first month of the year 2022 (up 0.917 bp) followed by Toyota and Hyundai. Volkswagen and Seat were on the other end of the market spectrum losing -0.824 bp and -0.424 bp respectively:

Volkswagen

Volkswagen Group sold 250 thousand new passenger cars representing a 23.8% share of all new passenger cars sold in Europe in September 2022. This is 20.3% more vehicles and a 2.45 pp increase in market share when compared to last year. Looking back three years, VW's market share was 19.5%.

The Group sold 107 thousand of Volkswagen brand cars in September, followed by 54.5 thousand of Skodas and 53.5 thousand of Audis. Seat sold 27.4 thousand vehicles and Porsche some 6.55 thousand cars in September 2022:

PSA Group

PSA Group sold 129 thousand new passenger cars representing a 12.3% share of all new passenger cars sold in Europe in September 2022. This is 0.316% more vehicles and a 0.931 pp decrease in market share when compared to last year. By comparison, the market share three years ago stood at 16.3% and is down by 4.00 pp now.

The Group sold 53.5 thousand of Peugeots cars, followed by 36.3 thousand of Opels and 34.6 thousand of Citroens in September 2022:

BMW Group

BMW Group sold 69.8 thousand new passenger cars representing a 6.65% share of all new passenger cars sold in Europe in September 2022. This is 1.97% more vehicles and a 0.389 pp decrease in market share when compared to last year. Compared to three years ago, BMW Group's market share is now 1.34 pp lower.

The group sold 54.8 thousand of BMW brand cars, followed by 15.0 thousand of Minis in September 2022:

Hyundai Group

Hyundai Group sold 101 thousand new passenger cars representing a 9.59% share of all new passenger cars sold in Europe in September 2022. This is 7.09% fewer vehicles and a 1.55 pp decrease in market share when compared to last year. Compared to three years ago, Hyundai Group's market share is now 1.88 pp higher.

The group sold 53.2 thousand of Kia brand cars, followed by of s in September 2022:

Renault Group

Renault Group sold 95.3 thousand new passenger cars representing a 9.08% share of all new passenger cars sold in Europe in September 2022. This is 1.51% fewer vehicles and a 0.871 pp decrease in market share when compared to last year. By comparison, three years ago, Renault Group's market share was 9.14%.

The group sold 53.2 thousand of Renault brand cars in September, followed by 41.9 thousand of Dacias and 0.027 thousand of Ladas:

FCA Group

FCA Group sold 45.9 thousand new passenger cars representing a 4.38% share of all new passenger cars sold in Europe in September 2022. This is 9.62% fewer vehicles and a 0.850 pp decrease in market share when compared to last year. By comparison, three years ago FCA Group's market share stood at 5.39%.

The group sold 32.6 thousand of Fiat brand cars in September, followed by 5.34 thousand of Jeeps and 3.43 thousand of Alfa-Romeos:

Toyota Group

Toyota Group sold 73.5 thousand new passenger cars representing a 7.00% share of all new passenger cars sold in Europe in September 2022. This is 11.2% more vehicles and a 0.206 pp increase in market share when compared to last year. Toyota Group's market share three years ago, by comparison, stood at 5.67%.

The group sold 69.0 thousand of Toyota brand cars in September, with Lexus following at 4.55 thousand cars:

Jaguar Land Rover Group

Jaguar Land Rover Group sold 12.7 thousand new passenger cars representing a 1.21% share of all new passenger cars sold in Europe in September 2022. This is 1.94% fewer vehicles and a 0.122 pp decrease in market share when compared to last year. Three years ago however, the market share of Jaguar Land Rover Group was 2.04%.

The group sold 9.89 thousand of Land Rovers in September, followed by 2.84 thousand of Jaguars:

Mercedes-Benz

Mercedes-Benz sold 58.5 thousand new passenger cars representing a 5.57% share of all new passenger cars sold in Europe in September 2022. This is 27.8% more vehicles and a 0.865 pp increase in market share when compared to last year. By comparison, three years ago, Mercedes-Benz's market share was 7.29%.

The group sold 57.5 thousand of Mercedes in September, followed by 0.992 thousand of Smart cars:

Ford

Ford sold 54.8 thousand new passenger cars representing a 5.22% share of all new passenger cars sold in Europe in September 2022. This is 29.4% more vehicles and a 0.864 pp increase in market share when compared to last year. Compared to three years ago, Ford's market share is now 1.46 pp lower.

Volvo

Volvo sold 19.2 thousand new passenger cars representing a 1.83% share of all new passenger cars sold in Europe in September 2022. This is 5.42% more vehicles and a 0.044 pp decrease in market share when compared to last year. Compared to three years ago, Volvo's market share is now 0.565 pp lower.

Nissan

Nissan sold 27.2 thousand new passenger cars representing a 2.59% share of all new passenger cars sold in Europe in September 2022. This is 14.4% more vehicles and a 0.146 pp increase in market share when compared to last year. Compared to three years ago, Nissan's market share is now 0.026 pp lower.

Mazda

Mazda sold 18.1 thousand new passenger cars representing a 1.72% share of all new passenger cars sold in Europe in September 2022. This is 0.757% more vehicles and a 0.123 pp decrease in market share when compared to last year. Compared to three years ago, Mazda's market share is now 0.211 pp lower.

Mitsubishi

Mitsubishi sold 3.96 thousand new passenger cars representing a 0.378% share of all new passenger cars sold in Europe in September 2022. This is 32.4% fewer vehicles and a 0.225 pp decrease in market share when compared to last year. Compared to three years ago, Mitsubishi's market share is now 0.430 pp lower.

Honda

Honda sold 7.72 thousand new passenger cars representing a 0.735% share of all new passenger cars sold in Europe in September 2022. This is 69.7% more vehicles and a 0.268 pp increase in market share when compared to last year. Compared to three years ago, Honda's market share is now 0.143 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.