Sales of new cars decreased by 20.4 thousand in January compared to last year. . The smallest decline was seen in Slovakia (72.6%) while sales in Greece dropped the most (-28.9%). Volkswagen Group sold the most cars in January 2022 in Europe, some 206 thousand vehicles representing 25.1% of the European market.
The January results marked the new historic low in EU car sales for the first month of the year as ongoing semiconductor shortage still negatively affected car sales across the region.
In January, most vehicles (184 thousand) were sold in Germany (up 8.46% yoy), followed by the United Kingdom (115 thousand, up 27.5%), Italy with 108 thousand cars (down 19.5%), 103 thousand new vehicles were registered in France (down 18.6%) and 42.4 thousand in Spain (up 0.979%). The five largest countries accounted for 62.0% of total new vehicles registered in January 2022.
In relative terms, sales in Slovakia (+72.6%) and Romania (+55.5%) declined the least compared to a year ago, whereas registration in Greece and Norway dropped the most (-28.9% and -22.8% yoy), in January 2022, according to ACEA.
Volkswagen Group sold the most cars in January 2022 in Europe, some 206 thousand vehicles representing 25.1% of the European market. Sales of PSA Group amounted to 115 thousand vehicles (or 14.0% of the market) while Hyundai Group and Renault Group held 10.3% and 9.30% of the European market in January. Overall, the five largest manufacturers sold 66.9% of all new cars in January.