Sales of new cars increased by 148 thousand in July compared to last year. In the first seven months of the year, the growth reached 17.6% yoy . The smallest decline was seen in Cyprus (52.1%) while sales in Iceland dropped the most (-22.0%). Volkswagen Group sold the most cars in July 2023 in Europe, some 280 thousand vehicles representing 27.4% of the European market.
In July, the EU car market rose 15.2% yoy, or the twelfth consecutive month of growth. New car registrations reached 851,156 units as the bloc recovers from last year’s component shortages. So far this year, the EU new car registrations grew 17.6%, totalling 6.3 mil units. Alas, the year-to-date volumes are still 22% lower than in 2019. Some 13.6% of the new cars sold were battery-electric cars in July 2023.
In July, most vehicles (243 thousand) were sold in Germany (up 18.1% yoy), followed by the United Kingdom (144 thousand, up 28.3%), France with 129 thousand cars (up 19.9%), 119 thousand new vehicles were registered in Italy (up 8.71%) and 81.2 thousand in Spain (up 10.7%). The five largest countries accounted for 62.1% of total new vehicles registered in July 2023.
In relative terms, sales in Cyprus (+52.1%) and Belgium (+32.4%) declined the least compared to a year ago, whereas registration in Iceland and Hungary dropped the most (-22.0% and -6.87% yoy), in July 2023, according to ACEA.
Volkswagen Group sold the most cars in July 2023 in Europe, some 280 thousand vehicles representing 27.4% of the European market. Sales of Stellantis amounted to 160 thousand vehicles (or 15.7% of the market) while Hyundai Group and Renault Group held 9.50% and 9.40% of the European market in July. Overall, the five largest manufacturers sold 69.0% of all new cars in July.
Helgi Library 
