Annual Sales of New Passenger Cars in Europe

Sales of new passenger cars reached 1,015 thousand in November 2022 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 17.4%, or 151 thousand more than in the previous year. In the first eleven months of 2022, some 10,197 thousand cars were sold in Europe, down 5.81% yoy.

In November 2022, sales of new cars posted another strong uplift with a 16.3% yoy growth, the fourth in a row this year as 829,527 cars have been sold in the EU. Still, this remains well below the pre-pandemic levels of November 2019, when 1 million cars were registered. In the first 11 months of 2022, sales of new cars across the EU were down 6.1% yoy.

Latvia performed relatively the best (up 73.6% yoy) while sales in Ireland showed the weakest change compared to the last year (down 12.5% yoy).

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.