Passenger car registrations: -6.4% first two months of 2022; -6.7% in February

Brussels, 17 March 2022 – In February 2022, new passenger car registrations in the European Union contracted further (-6.7%), as car manufacturers continue to face supply chain disruptions.

In February 2022, new passenger car registrations in the European Union contracted further (-6.7%), as car manufacturers continue to face supply chain disruptions. With 719,465 units sold across the EU, this was the weakest result in terms of volumes for the month of February since records began. The four key markets in the region posted mixed results. Italy and France recorded double digit losses (-22.6% and -13.0% respectively), while Spain and Germany saw growth (+6.6% and +3.2% respectively).

From January to February 2022, total registrations of new cars in the European Union declined by 6.4% compared to the same period last year. Again, looking at the four largest markets, Italy saw the largest drop (-21.1%), followed by France (-15.7%). On the other hand, markets in both Germany (+5.6%) and Spain (+4.2%) continued to expand.

With 719,465 passenger cars sold across the EU, this was the weakest result in terms of volumes for the month of February since records began.

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About ACEA

  • 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, fp@acea.auto.

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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.
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