Sales of new cars decreased by 331 thousand in October compared to last year. In the first ten months of the year, the growth reached 2.72% yoy . The smallest decline was seen in Ireland (16.7%) while sales in Lithuania dropped the most (-54.8%). Volkswagen Group sold the most cars in October 2021 in Europe, some 165 thousand vehicles representing 20.7% of the European market.
In October 2021, new passenger car registrations in the European Union contracted further marking the fourth consecutive month of decline this year. This was the weakest result in volume terms for a month of October since records began. Over the first 10 months of 2021, new car registrations in the EU were up 2.2% compared to one year earlier, totalling around 8.2 mil units.
In October, most vehicles (179 thousand) were sold in Germany (down 34.9% yoy), followed by France (119 thousand, down 30.7%), the United Kingdom with 106 thousand cars (down 24.6%), 101 thousand new vehicles were registered in Italy (down 35.7%) and 59.0 thousand in Spain (down 20.5%). The five largest countries accounted for 63.2% of total new vehicles registered in October 2021.
In relative terms, sales in Ireland (+16.7%) and Iceland (+6.49%) declined the least compared to a year ago, whereas registration in Lithuania and Austria dropped the most (-54.8% and -39.2% yoy), in October 2021, according to ACEA.
Volkswagen Group sold the most cars in October 2021 in Europe, some 165 thousand vehicles representing 20.7% of the European market. Sales of PSA Group amounted to 119 thousand vehicles (or 14.9% of the market) while Hyundai Group and Renault Group held 10.8% and 10.2% of the European market in October. Overall, the five largest manufacturers sold 64.2% of all new cars in October.