European Passenger Car Sales for 2022
Overall in 2022, the European Union passenger car market contracted by 4.6%, mainly due to the impact of component shortages in the first half of the year. Although the market improved from August to December 2022, cumulative volumes stand at 9.3 million units, the region’s lowest level since 1993, when 9.2 million units were registered. Among the EU’s four largest markets, only Germany managed to post growth in 2022 (+1.1%), helped by the strong result in December. The other three markets all performed worse than in 2021, with Italy posting the steepest decline (-9.7%), followed by France (-7.8%) and Spain (-5.4%).
The indicator estimates the number of new passenger car registrations and sales that took place within a country in a year. Passenger cars are road motor vehicles, other than a motor cycle, intended for the carriage of passengers and designed to seat no more than nine persons (including the driver).
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