Sales of new cars increased by 200 thousand in June compared to last year. In the first six months of the year, the growth reached 17.7% yoy . The smallest decline was seen in Belgium (48.7%) while sales in Hungary dropped the most (-1.40%). Volkswagen Group sold the most cars in June 2023 in Europe, some 326 thousand vehicles representing 25.7% of the European market.
In June 2023, the EU car market grew by 17.8% to 1 mil registered units. This growth can be attributed to the region’s rebound from a low comparison base last year, primarily driven by vehicle component shortages. With the exception of Hungary, all the EU markets grew. Despite the growth, the results for the first half of 2023 are still 21% lower compared to 2019.
In June, most vehicles (280 thousand) were sold in Germany (up 24.8% yoy), followed by France (191 thousand, up 11.5%), the United Kingdom with 177 thousand cars (up 25.8%), 139 thousand new vehicles were registered in Italy (up 9.19%) and 101 thousand in Spain (up 13.3%). The five largest countries accounted for 62.2% of total new vehicles registered in June 2023.
In relative terms, sales in Belgium (+48.7%) and Croatia (+43.7%) declined the least compared to a year ago, whereas registration in Hungary and Iceland dropped the most (-1.40% and 2.73% yoy), in June 2023, according to ACEA.
Volkswagen Group sold the most cars in June 2023 in Europe, some 326 thousand vehicles representing 25.7% of the European market. Sales of Stellantis amounted to 210 thousand vehicles (or 16.6% of the market) while Renault Group and Hyundai Group held 10.5% and 8.40% of the European market in June. Overall, the five largest manufacturers sold 67.8% of all new cars in June.