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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.
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. Overall, the five largest manufacturers sold 61.8% of all new cars in November.
When compared to last year, Hyundai Motor Company has gained the most in terms of market share rising its market position by 0.966 bp, followed by Toyota Motor Corporation (up 0.760 bp) and Renault (up 0.212 bp). PSA Peugeot Citroen were on the other end of the market spectrum dropping 1.10 bp on the market alongside with Fiat Chrysler Automobiles (down 0.679 bp) and Volkswagen Group (-0.468 bp):