Passenger car registrations: -13.7% five months into 2022; -11.2% in May
Brussels, 16 June 2022 – In May 2022, European Union passenger car registrations slipped back by 11.2% to 791,546 units, marking the eleventh consecutive month of decline.
In May 2022, European Union passenger car registrations slipped back by 11.2% to 791,546 units, marking the tenth consecutive month of decline. All four key EU markets recorded double-digit losses. Italy saw the steepest decline (-15.1%), followed by Spain (‑10.9%), Germany (-10.2%) and France (-10.1%).
From January to May 2022, total registrations of new passenger cars in the EU were 13.7% lower compared to the same period last year. Five months into 2022, sales of new cars have retreated in most markets in the region, including the four major ones: Italy (-24.3%), France (-16.9%), Spain (-11.5%) and Germany (-9.3%).
In May 2022, European Union passenger car registrations slipped back by 11.2% to 791,546 units, marking the eleventh consecutive month of decline.
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Francesca Piazza, Statistics Manager, firstname.lastname@example.org.
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About the EU automobile industry
- 12.7 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.