Sales of new cars increased by 88.6 thousand in January compared to last year. . The smallest decline was seen in Greece (90.8%) while sales in Norway dropped the most (-76.6%). Volkswagen Group sold the most cars in January 2023 in Europe, some 238 thousand vehicles representing 26.1% of the European market.
In January 2023, the EU passenger car market grew by 11.3% to 760,041 units. However, this was largely due to an unusually modest base of comparison in 2022, when the lowest January volume on record was reached. Sales of battery electric and hybrid passenger cars rose to 9.5% and 26.0% of the market respectively while petrol remained the most popular fuel type with a 38% share.
In January, most vehicles (179 thousand) were sold in Germany (down 2.64% yoy), followed by the United Kingdom (132 thousand, up 14.7%), Italy with 128 thousand cars (up 19.1%), 112 thousand new vehicles were registered in France (up 8.79%) and 64.1 thousand in Spain (up 51.4%). The five largest countries accounted for 60.5% of total new vehicles registered in January 2023.
In relative terms, sales in Greece (+90.8%) and Spain (+51.4%) declined the least compared to a year ago, whereas registration in Norway and Sweden dropped the most (-76.6% and -26.6% yoy), in January 2023, according to ACEA.
Volkswagen Group sold the most cars in January 2023 in Europe, some 238 thousand vehicles representing 26.1% of the European market. Sales of Stellantis amounted to 157 thousand vehicles (or 17.2% of the market) while Renault Group and Hyundai Group held 10.4% and 9.40% of the European market in January. Overall, the five largest manufacturers sold 71.1% of all new cars in January.