Sales of new cars increased by 77.2 thousand in September compared to last year. In the first nine months of the year, the decline reached 9.73% yoy . The smallest decline was seen in Bulgaria (46.4%) while sales in Norway dropped the most (-18.6%). Volkswagen Group sold the most cars in September 2022 in Europe, some 250 thousand vehicles representing 23.8% of the European market.
In September 2022, new passenger car registrations in the EU rose by 9.6%. The increase was however largely driven by the low base of comparison from last year, when the semiconductor shortage hampered vehicle production. Over the first three quarters of 2022, the EU passenger car market contracted by 9.9% to 6.78 mil units.
In September, most vehicles (225 thousand) were sold in the United Kingdom (up 4.62% yoy), followed by Germany (225 thousand, up 14.1%), France with 141 thousand cars (up 5.46%), 111 thousand new vehicles were registered in Italy (up 5.52%) and 67.2 thousand in Spain (up 12.7%). The five largest countries accounted for 66.9% of total new vehicles registered in September 2022.
In relative terms, sales in Bulgaria (+46.4%) and Ireland (+43.5%) declined the least compared to a year ago, whereas registration in Norway and Slovakia dropped the most (-18.6% and -9.66% yoy), in September 2022, according to ACEA.
Volkswagen Group sold the most cars in September 2022 in Europe, some 250 thousand vehicles representing 23.8% of the European market. Sales of PSA Group amounted to 129 thousand vehicles (or 12.3% of the market) while Hyundai Group and Renault Group held 9.60% and 9.10% of the European market in September. Overall, the five largest manufacturers sold 61.8% of all new cars in September.