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 14 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, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, 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, Senior Statistics Manager, fp@acea.auto
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About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total
