Passenger car registrations: -14.0% first half of 2022; -15.4% in June
Brussels, 15 July 2022 – In June 2022, passenger car registrations continued their downward trend in the European Union (-15.4%), as supply chain issues continue to limit vehicle output.
In June 2022, passenger car registrations continued their downward trend in the European Union (-15.4%), as supply chain issues continue to limit vehicle output. With 886,510 units registered, this is the lowest month of June on record (in terms of volume) since 1996. All four major EU markets contributed to the fall. Germany posted the strongest decline (-18.1%), followed by Italy (-15.0%) and France (-14.2%). Spain on the other hand saw a more modest decline (-7.8%).
Over the first half of 2022, new car registrations in the EU shrank by 14.0% compared to one year earlier, totalling around 4.6 million units. All of the region’s major markets recorded double-digit drops: Italy (-22.7%), France (-16.3%), Germany (-11.0%) and Spain (-10.7%).
EU new car sales continued their downward trend in June (-15.4%), as supply chain issues continue to limit vehicle output.
- 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.