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, followed by the United Kingdom (143 thousand), France with 134 thousand cars, 120 thousand new vehicles were registered in Italy and 73.2 thousand in Spain.
Volkswagen Group sold the most cars in November 2022 in Europe, some 254 thousand vehicles representing 25.1% of the European market. Sales of PSA Group amounted to 116 thousand vehicles (or 11.4% of the market) while Renault Group and Hyundai Group held 9.50% and 8.20% of the European market in November.
In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 1,079 thousand sold vehicles, or 10.6% of all new passenger cars sold on the European market in November 2022. In terms of momentum, Toyota gained the most in terms of market share in the first month of the year 2022 (up 0.834 bp) followed by Kia and Audi. Peugeot and Citroen were on the other end of the market spectrum losing -0.500 bp and -0.391 bp respectively.