Sales of new cars increased by 151 thousand in November compared to last year. In the first eleven months of the year, the decline reached 5.81% yoy . The smallest decline was seen in Latvia (73.6%) while sales in Ireland dropped the most (-12.5%). Volkswagen Group sold the most cars in November 2022 in Europe, some 254 thousand vehicles representing 25.1% of the European market.
In November 2022, sales of new cars posted another strong uplift with a 16.3% yoy growth, the fourth in a row this year as 829,527 cars have been sold in the EU. Still, this remains well below the pre-pandemic levels of November 2019, when 1 million cars were registered. In the first 11 months of 2022, sales of new cars across the EU were down 6.1% yoy.
In November, most vehicles (261 thousand) were sold in Germany (up 31.4% yoy), followed by the United Kingdom (143 thousand, up 23.5%), France with 134 thousand cars (up 9.81%), 120 thousand new vehicles were registered in Italy (up 14.7%) and 73.2 thousand in Spain (up 10.3%). The five largest countries accounted for 64.8% of total new vehicles registered in November 2022.
In relative terms, sales in Latvia (+73.6%) and Portugal (+39.4%) declined the least compared to a year ago, whereas registration in Ireland and Denmark dropped the most (-12.5% and -12.2% yoy), in November 2022, according to ACEA.
Volkswagen Group sold the most cars in November 2022 in Europe, some 254 thousand vehicles representing 25.1% of the European market. Sales of PSA Group amounted to 116 thousand vehicles (or 11.4% of the market) while Renault Group and Hyundai Group held 9.50% and 8.20% of the European market in November. Overall, the five largest manufacturers sold 61.8% of all new cars in November.