Sales of new cars increased by 98.7 thousand in February compared to last year. . The smallest decline was seen in Romania (44.5%) while sales in Sweden dropped the most (-12.7%). Volkswagen Group sold the most cars in February 2023 in Europe, some 209 thousand vehicles representing 23.1% of the European market.
In February, the EU passenger car market continued to perform well when compared to last year, thanks mainly to the low base due to the semiconductor shortage crisis at the beginning of 2022. Sales of battery electric and hybrid cars represented 12.1% and 25.5% of the market.
In February, most vehicles (206 thousand) were sold in Germany (up 2.84% yoy), followed by Italy (130 thousand, up 17.5%), France with 126 thousand cars (up 9.41%), 74.4 thousand new vehicles were registered in the United Kingdom (up 26.2%) and 74.0 thousand in Spain (up 19.2%). The five largest countries accounted for 59.5% of total new vehicles registered in February 2023.
In relative terms, sales in Romania (+44.5%) and Portugal (+39.0%) declined the least compared to a year ago, whereas registration in Sweden and Norway dropped the most (-12.7% and -8.69% yoy), in February 2023, according to ACEA.
Volkswagen Group sold the most cars in February 2023 in Europe, some 209 thousand vehicles representing 23.1% of the European market. Sales of Stellantis amounted to 154 thousand vehicles (or 17.0% of the market) while Renault Group and Hyundai Group held 9.60% and 7.50% of the European market in February. Overall, the five largest manufacturers sold 63.7% of all new cars in February.