Sales of Toyota Group Cars in Europe

Sales of new passenger cars reached 1,015 thousand in November 2022 in the enlarged Europe, according to ACEA. This is 17.4%, or 151 thousand more than in the previous year. In the first eleven months of 2022, some 10,197 thousand cars were sold in Europe, down 5.81% yoy.

In November, most vehicles (261 thousand) were sold in Germany (up 31.4% yoy), followed by the United Kingdom (143 thousand, up 23.5%), France with 134 thousand cars (up 9.81%), 120 thousand new vehicles were registered in Italy (up 14.7%) and 73.2 thousand in Spain (up 10.3%). The five largest countries accounted for 64.8% of total new vehicles registered in November 2022.

Volkswagen Group sold the most cars in November 2022 in Europe, some 254 thousand vehicles representing 25.1% of the European market. Sales of PSA Group amounted to 116 thousand vehicles (or 11.4% of the market) while Renault Group and Hyundai Group held 9.50% and 8.20% of the European market in November. Overall, the five largest manufacturers sold 61.8% of all new cars in November.

Toyota Group sold 74.6 thousand new passenger cars representing a 7.35% share of all new passenger cars sold in Europe in November 2022. This is 36.1% more vehicles and a 1.01 pp increase in market share when compared to last year. Toyota Group's market share three years ago, by comparison, stood at 5.07%.

The group sold 70.6 thousand of Toyota brand cars in November, with Lexus following at 4.02 thousand cars.