Sales of new cars decreased by 216 thousand in June compared to last year
In the first six months of the year, the decline reached 13.7% yoy
Iceland performed relatively the best (up 35.7% yoy) while sales in Croatia showed the weakest change compared to the last year (down 28.4% yoy)
Sales of new passenger cars reached 1,066 thousand in June 2022 in the enlarged Europe (EU plus Iceland, Norway and Switzerland), according to ACEA. This is 16.9%, or 216 thousand less than in the previous year. In the first six months of 2022, some 5,598 thousand cars were sold in Europe, down 13.7% yoy.
In June 2022, passenger car registrations continued their downward trend as supply chain issues continue to limit vehicle output. With 886,510 units registered in the EU, this is the lowest month of June on record since 1996.
Historically, between 1990 and 2022, sales of passenger cars in Europe reached a high of 1,937 thousand in March 2017 and a low of 292 thousand in April 2020.
In June, most vehicles (225 thousand) were sold in Germany (down 18.1% yoy), followed by France (171 thousand, down 14.2%), the United Kingdom with 141 thousand cars (down 24.3%), 127 thousand new vehicles were registered in Italy (down 14.9%) and 89.3 thousand in Spain (down 7.78%). The five largest countries accounted for 62.3% of total new vehicles registered in June 2022.
In absolute terms, the best performance in sales of new cars has been seen in Iceland (up 0.656 thousand cars) and Latvia (up 0.091 thousand cars). At the other end of the scale, Germany and the United Kingdom showed the weakest change in registration of new cars in June when compared to last year (down 49.6 thousand and down 45.2 thousand cars, respectively).
In relative terms, sales in Iceland (+35.7%) and Latvia (+6.19%) performed the best compared to a year ago, whereas registration in Croatia and Lithuania the worst (-28.4% and -27.8% yoy), in June 2022, according to ACEA:
In the first six months of the year, some 5,598 thousand cars were sold in Europe, down 13.7% yoy. The table below shows details of the sales for each of the European country:
| Country | June 2022 | June 2021 | YOY Change % | 1-6/2022 | 1-6/2021 | YOY Change % |
|---|---|---|---|---|---|---|
| Austria | 22.8 | 26.1 | -12.7 | 109 | 134 | -19.2 |
| Belgium | 34.8 | 41.1 | -15.3 | 195 | 232 | -15.9 |
| Bulgaria | 2.92 | 2.95 | -1.19 | 14.6 | 12.9 | 13.3 |
| Croatia | 4.93 | 6.89 | -28.4 | 22.9 | 26.0 | -11.9 |
| Cyprus | 1.02 | 1.10 | -6.58 | 6.13 | 5.75 | 6.72 |
| Czechia | 18.7 | 22.6 | -16.9 | 98.9 | 113 | -12.3 |
| Denmark | 14.8 | 20.3 | -27.0 | 73.6 | 96.5 | -23.8 |
| Estonia | 1.93 | 2.61 | -26.0 | 11.1 | 12.9 | -14.4 |
| Finland | 7.40 | 9.94 | -25.6 | 43.5 | 56.7 | -23.3 |
| France | 171 | 200 | -14.2 | 772 | 923 | -16.3 |
| Germany | 225 | 274 | -18.1 | 1,238 | 1,391 | -11.0 |
| Greece | 11.1 | 13.9 | -20.1 | 54.9 | 58.4 | -6.01 |
| Hungary | 9.49 | 11.4 | -16.4 | 57.4 | 64.8 | -11.4 |
| Iceland | 2.49 | 1.84 | 35.7 | 9.27 | 6.13 | 51.2 |
| Ireland | 2.15 | 2.76 | -22.1 | 65.2 | 64.0 | 1.90 |
| Italy | 127 | 149 | -14.9 | 684 | 884 | -22.6 |
| Latvia | 1.56 | 1.47 | 6.19 | 8.15 | 7.68 | 6.01 |
| Lithuania | 2.52 | 3.49 | -27.8 | 14.0 | 18.6 | -24.9 |
| Luxembourg | 3.59 | 4.47 | -19.7 | 21.8 | 25.3 | -13.7 |
| Netherlands | 30.0 | 33.3 | -9.92 | 154 | 164 | -5.85 |
| Norway | 14.9 | 20.4 | -26.9 | 68.5 | 83.9 | -18.4 |
| Poland | 39.6 | 43.7 | -9.44 | 212 | 243 | -12.6 |
| Portugal | 15.5 | 18.9 | -18.1 | 75.4 | 81.4 | -7.36 |
| Romania | 11.1 | 11.9 | -6.63 | 58.7 | 47.7 | 23.1 |
| Slovakia | 8.02 | 8.22 | -2.42 | 40.0 | 38.4 | 3.91 |
| Slovenia | 4.39 | 5.18 | -15.1 | 25.8 | 31.0 | -16.6 |
| Spain | 89.3 | 96.8 | -7.78 | 408 | 457 | -10.7 |
| Sweden | 26.1 | 36.1 | -27.7 | 144 | 173 | -16.7 |
| Switzerland | 21.3 | 26.0 | -18.2 | 110 | 125 | -12.0 |
| United Kingdom | 141 | 186 | -24.3 | 802 | 910 | -11.9 |
| EU + EFTA | 1,066 | 1,283 | -16.9 | 5,598 | 6,487 | -13.7 |
Volkswagen Group sold the most cars in June 2022 in Europe, some 256 thousand vehicles representing 24.0% of the European market. Sales of PSA Group amounted to 158 thousand vehicles (or 14.8% of the market) while Renault Group and Hyundai Group held 12.0% and 9.50% of the European market in June. Overall, the five largest manufacturers sold 67.1% of all new cars in June:
When compared to last year, has gained the most in terms of market share rising its market position by bp, followed by (up bp) and (up bp). were on the other end of the market spectrum dropping bp on the market alongside with (down bp) and ( bp):
In terms of particular brands, Volkswagen stands out as the most favorite brand accounting for 564 thousand sold vehicles, or 10.1% of all new passenger cars sold on the European market in June 2022.
In terms of momentum, Kia gained the most in terms of market share in the first month of the year 2022 (up 1.37 bp) followed by Hyundai and Toyota. Volkswagen and Skoda were on the other end of the market spectrum losing -1.27 bp and -0.718 bp respectively:
Volkswagen Group sold 256 thousand new passenger cars representing a 24.0% share of all new passenger cars sold in Europe in June 2022. This is 26.0% fewer vehicles and a 2.98 pp decrease in market share when compared to last year. Looking back three years, VW's market share was 24.0%.
The Group sold 112 thousand of Volkswagen brand cars in June, followed by 50.4 thousand of Audis and 49.1 thousand of Skodas. Seat sold 35.6 thousand vehicles and Porsche some 7.59 thousand cars in June 2022:
PSA Group sold 158 thousand new passenger cars representing a 14.8% share of all new passenger cars sold in Europe in June 2022. This is 12.7% fewer vehicles and a 0.704 pp increase in market share when compared to last year. By comparison, the market share three years ago stood at 16.0% and is down by 1.14 pp now.
The Group sold 69.0 thousand of Peugeots cars, followed by 46.7 thousand of Opels and 37.5 thousand of Citroens in June 2022:
BMW Group sold 72.1 thousand new passenger cars representing a 6.76% share of all new passenger cars sold in Europe in June 2022. This is 18.0% fewer vehicles and a 0.096 pp decrease in market share when compared to last year. Compared to three years ago, BMW Group's market share is now 0.023 pp higher.
The group sold 59.0 thousand of BMW brand cars, followed by 13.1 thousand of Minis in June 2022:
Hyundai Group sold 102 thousand new passenger cars representing a 9.53% share of all new passenger cars sold in Europe in June 2022. This is 3.85% fewer vehicles and a 1.29 pp increase in market share when compared to last year. Compared to three years ago, Hyundai Group's market share is now 3.26 pp higher.
The group sold 51.8 thousand of Kia brand cars, followed by of s in June 2022:
Renault Group sold 128 thousand new passenger cars representing a 12.0% share of all new passenger cars sold in Europe in June 2022. This is 0.747% more vehicles and a 2.10 pp increase in market share when compared to last year. By comparison, three years ago, Renault Group's market share was 12.4%.
The group sold 69.0 thousand of Renault brand cars in June, followed by 58.8 thousand of Dacias and 0.027 thousand of Ladas:
FCA Group sold 57.2 thousand new passenger cars representing a 5.36% share of all new passenger cars sold in Europe in June 2022. This is 26.0% fewer vehicles and a 0.664 pp decrease in market share when compared to last year. By comparison, three years ago FCA Group's market share stood at 6.08%.
The group sold 39.4 thousand of Fiat brand cars in June, followed by 10.2 thousand of Jeeps and 3.31 thousand of Alfa-Romeos:
Toyota Group sold 72.5 thousand new passenger cars representing a 6.80% share of all new passenger cars sold in Europe in June 2022. This is 12.7% fewer vehicles and a 0.321 pp increase in market share when compared to last year. Toyota Group's market share three years ago, by comparison, stood at 4.98%.
The group sold 70.1 thousand of Toyota brand cars in June, with Lexus following at 2.40 thousand cars:
Jaguar Land Rover Group sold 11.8 thousand new passenger cars representing a 1.11% share of all new passenger cars sold in Europe in June 2022. This is 13.2% fewer vehicles and a 0.046 pp increase in market share when compared to last year. Three years ago however, the market share of Jaguar Land Rover Group was 1.25%.
The group sold 9.45 thousand of Land Rovers in June, followed by 2.37 thousand of Jaguars:
Mercedes-Benz sold 58.7 thousand new passenger cars representing a 5.50% share of all new passenger cars sold in Europe in June 2022. This is 1.35% fewer vehicles and a 0.866 pp increase in market share when compared to last year. By comparison, three years ago, Mercedes-Benz's market share was 5.57%.
The group sold 56.9 thousand of Mercedes in June, followed by 1.73 thousand of Smart cars:
Ford sold 38.9 thousand new passenger cars representing a 3.64% share of all new passenger cars sold in Europe in June 2022. This is 23.3% fewer vehicles and a 0.306 pp decrease in market share when compared to last year. Compared to three years ago, Ford's market share is now 2.25 pp lower.
Volvo sold 15.2 thousand new passenger cars representing a 1.43% share of all new passenger cars sold in Europe in June 2022. This is 47.5% fewer vehicles and a 0.833 pp decrease in market share when compared to last year. Compared to three years ago, Volvo's market share is now 0.538 pp lower.
Nissan sold 20.8 thousand new passenger cars representing a 1.95% share of all new passenger cars sold in Europe in June 2022. This is 1.87% fewer vehicles and a 0.298 pp increase in market share when compared to last year. Compared to three years ago, Nissan's market share is now 0.342 pp lower.
Mazda sold 9.50 thousand new passenger cars representing a 0.891% share of all new passenger cars sold in Europe in June 2022. This is 45.9% fewer vehicles and a 0.478 pp decrease in market share when compared to last year. Compared to three years ago, Mazda's market share is now 0.540 pp lower.
Mitsubishi sold 4.91 thousand new passenger cars representing a 0.460% share of all new passenger cars sold in Europe in June 2022. This is 37.5% fewer vehicles and a 0.152 pp decrease in market share when compared to last year. Compared to three years ago, Mitsubishi's market share is now 0.422 pp lower.
Honda sold 5.13 thousand new passenger cars representing a 0.481% share of all new passenger cars sold in Europe in June 2022. This is 30.4% fewer vehicles and a 0.094 pp decrease in market share when compared to last year. Compared to three years ago, Honda's market share is now 0.174 pp lower.
Based on a comparison of 64 countries, China ranked the highest with 20,178 thousand passenger cars sold in 2020 followed by Japan and the USA. Total sales of passenger cars reached 53,599 thousand in 2020 in the world, according to ACEA. This is 15.9% less than in the previous year and 3.98% less than 10 years ago. Historically, total sales of passenger cars reached an all time high of 70,695 thousand in 2017 and an all time low of 11,000 thousand in 1961. The average annual growth stands at 2.39% since 1960.
The top ranked country, China, accounted for 37.6% of all passenger cars sold in the world. The top 3 countries held a 51.1% share while the ten largest countries some 75.9% in 2020.
China was the largest car producer in 2020 with 19,994 thousand followed by Japan and Germany. Total production of passenger cars reached 55,834 thousand in 2020 in the world, according to ACEA. China accounted for 35.8% of the world's production, while the top 3 countries held a 54.6% share and the ten largest countries some 79.3% in 2020:
Based on a comparison of 29 countries, Germany ranked the highest in sales of electric cars with 395 thousand followed by France and United Kingdom in 2020. When looking at the ratio of electric to total new cars sold, Norway ranked the highest with 74.8% followed by Iceland and Sweden:
By contrast, Bulgaria ranked the highest in the number of petrol-fuelled as a proportion of new cars sold with 84.7%, followed by Cyprus and Slovenia. In terms of diesel-fuelled vehicles, Ireland ranked the highest with 33.5% followed by Croatia and Luxembourg:
In 2016, Switzerland ranked the highest in 4x4 drive cars as a share of new cars sold with 42.1% followed by Norway and Sweden. Switzerland ranked the highest in the average power of new cars sold with 122 kW followed by Luxembourg and Sweden:
Based on the latest available data, Lithuania, Estonia and Romania were the countries with the oldest average age of passenger cars. The average age was an ancient 16.8 years in Lithuania, 16.7 years years for Estonia and 16.5 years years in Romania. On the other end of the scale was Austria with 8.30 years years, the United Kingdom with 8.00 years years and Luxembourg with 6.50 years years.
Based on a comparison of 27 firms among Global Car Producers, Volkswagen Group generated the highest sales in 2019 followed by Toyota Motor Corporation and Daimler Group. At the same time, Toyota Motor Corporation had the highest market value followed by Volkswagen Group and Tesla Inc.:
Volkswagen Group generated the highest earnings before interest costs, taxes and depreciation (so called EBITDA) in 2019 followed by Toyota Motor Corporation and General Motors. At the same time, Ferrari generated the highest EBITDA Margin followed by Porsche AG and BMW Group.
Ferrari produced the highest net profit per car sold in 2019 followed by Porsche AG and Toyota Motor Corporation. Ferrari made a net profit of USD 77,831 for each car sold, down 21.7% compared to the previous year.
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