Sales of new passenger cars reached 822 thousand in October 2022 in the enlarged Europe, according to ACEA. This is 2.88%, or 23.0 thousand more than in the previous year. In the first ten months of 2022, some 9,094 thousand cars were sold in Europe, down 8.72% yoy.
In October, most vehicles (209 thousand) were sold in Germany, followed by the United Kingdom (134 thousand), France with 125 thousand cars, 116 thousand new vehicles were registered in Italy and 66.0 thousand in Spain.
Volkswagen Group sold the most cars in October 2022 in Europe, some 232 thousand vehicles representing 28.2% of the European market. Sales of PSA Group amounted to 117 thousand vehicles (or 14.2% of the market) while Renault Group and Hyundai Group held 10.1% and 10.0% of the European market in October.
In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 966 thousand sold vehicles, or 10.6% of all new passenger cars sold on the European market in October 2022. In terms of momentum, Toyota gained the most in terms of market share in the first month of the year 2022 (up 0.891 bp) followed by Kia and Hyundai. Volkswagen and Peugeot were on the other end of the market spectrum losing -0.484 bp and -0.365 bp respectively.