Passenger car registrations: -9.9% nine months into 2022; +9.6% in September
Brussels, 18 October 2022 – In September 2022, new passenger car registrations in the European Union rose by 9.6%, marking the second consecutive month of growth this year.
In September 2022, new passenger car registrations in the European Union rose by 9.6%, marking the second consecutive month of growth this year. However, this increase was largely driven by the low base of comparison from September 2021, when the semiconductor shortage hampered vehicle production. Looking at the four largest EU markets, Germany and Spain recorded double-digit gains (+14.1% and +12.7% respectively), while France (+5.5%) and Italy (+5.4%) showed more modest rates of growth.
Over the first three quarters of 2022, the EU passenger car market contracted by 9.9% to 6,784,090 units, despite the positive results recorded in the last two months. This was reflected in most countries’ performance, with all the region’s major markets facing losses over this nine month period. Italy saw the steepest decline (-16.3%), followed by France (‑11.8%), Germany (-7.4%) and Spain (-7.4%).
In September 2022, new passenger car registrations in the European Union rose by 9.6%, marking the second consecutive month of growth this year.
- 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
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 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.