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Europe Passenger Cars Sales (February 2022)


Language: English
Provider: Helgi Analytics
Pages: 19

Sales of new cars decreased by 46.1 thousand in February compared to last year. . The smallest decline was seen in Iceland (47.3%) while sales in Norway dropped the most (-23.8%). Volkswagen Group sold the most cars in February 2022 in Europe, some 194 thousand vehicles representing 24.1% of the European market.

New passenger car registrations contracted further as car manufacturers continue to face supply chain disruptions. With 719,465 units sold across the EU, this was the weakest result in terms of volumes for the month of February since records began.

In February, most vehicles (201 thousand) were sold in Germany (up 3.17% yoy), followed by France (115 thousand, down 13.0%), Italy with 111 thousand cars (down 22.5%), 62.1 thousand new vehicles were registered in Spain (up 6.56%) and 59.0 thousand in the United Kingdom (up 15.0%). The five largest countries accounted for 60.8% of total new vehicles registered in February 2022.

In relative terms, sales in Iceland (+47.3%) and Portugal (+39.2%) declined the least compared to a year ago, whereas registration in Norway and Finland dropped the most (-23.8% and -22.9% yoy), in February 2022, according to ACEA.

Volkswagen Group sold the most cars in February 2022 in Europe, some 194 thousand vehicles representing 24.1% of the European market. Sales of PSA Group amounted to 118 thousand vehicles (or 14.7% of the market) while Hyundai Group and Renault Group held 9.50% and 8.90% of the European market in February. Overall, the five largest manufacturers sold 64.6% of all new cars in February.

Automotive | April 01, 2022