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Change in Demand for New Cars in Europe

Change Compared to the Previous Year, November 2022
Automotive | December 15, 2022
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Sales of new passenger cars reached 1,015 thousand in November 2022 in the enlarged Europe, 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, most vehicles (261 thousand) were sold in Germany (up 31.4% yoy), followed by the United Kingdom (143 thousand, up 23.5%), France with 134 thousand cars (up 9.81%), 120 thousand new vehicles were registered in Italy (up 14.7%) and 73.2 thousand in Spain (up 10.3%). The five largest countries accounted for 64.8% of total new vehicles registered in November 2022.

In absolute terms, the best performance in sales of new cars has been seen in Germany (up 62.3 thousand cars) and the United Kingdom (up 27.2 thousand cars). At the other end of the scale, Denmark and Slovenia showed the weakest change in registration of new cars in November when compared to last year (down 1.83 thousand and down 0.503 thousand cars, respectively).

Sales Of New Passenger Cars - Growth, yoy Unit Apr 2022 May 2022 Jun 2022 Jul 2022 Aug 2022 Sep 2022 Oct 2022 Nov 2022 Dec 2022 Jan 2023 Feb 2023 Mar 2023 Apr 2023 May 2023 Jun 2023 Jul 2023 Aug 2023 Sep 2023 Oct 2023 Nov 2023 Dec 2023
Cyprus % 8.50% 52.1% 14.3% 28.6% 41.4%
Denmark % 23.6% 14.4% 6.27% 14.4% 21.9%
Estonia % 17.1% 16.1% 2.31% -4.25% 3.23%
Finland % 23.9% 16.2% 9.98% 10.0% 4.15%
Germany % 24.8% 18.1% 37.3% -0.140% 4.94%
Hungary % -1.40% -6.87% -10.4% -3.17% 2.05%
Iceland % 2.73% -22.0% 19.1% -4.86% 18.4%
Ireland % 38.8% 24.1% -0.332% -10.6% -17.2%
Latvia % 22.4% 14.8% 7.39% -8.58% 1.85%
Norway % 4.46% 3.84% -10.4% -29.4% -28.9%
Portugal % 42.1% 10.9% 15.0% 12.9% 10.4%
Romania % 19.0% 12.7% 2.82% -11.6% 8.08%
Slovenia % 6.28% -0.527% -2.96% 7.28% 13.0%
United Kingdom % 25.8% 28.3% 24.4% 21.0% 14.3%