2022 & egrave; started with the minus sign for the European auto market . According to data from ACEA (European Association of Car Manufacturers) in January at the European Union level, 682,596 cars were registered compared to 726,411 in January 2021. This is a drop of 6%. If we also want to include data from the United Kingdom and the EFTA countries, 822,423 cars were registered in the first month of the new year compared to 842,670 in the same period in 2021. A result that is equivalent to a decline of 2.4%.
According to ACEA, the problem of the chip crisis which slowed down production and which therefore affected availability contributed to this result. of the new cars. Despite the overall negative result in January, there are some small positive signs. Compared to the past months, the decline is; been much more; content and some European markets showed growth. Among those most & ugrave; important we mention the United Kingdom with growth of 27.5%, Germany with + 8.5% and Spain with + 1%. Several smaller markets are also growing, including, for example, Austria, Bulgaria, Romania and Slovakia. Among the main European markets, badly France (-18.6%) and Italy (-19.7%).
Looking at the results of the automotive groups at the European Union level, we find the Volkswagen Group which closed the month of January 2022 with a contraction of 7%. The Stellantis Group is even worse with -15.1%. More flexion contained with a decrease of 3.5% for the Renault group. There are, however, positive results. The Hyundai Group ends the first month of the year with an increase of as much as 28.7%. The Toyota Group also performed well with a 9.7% growth.
Therefore, in January 2022 there are some small signs that bode well for the coming months. Gi & agrave; February will be therefore it is important to understand the direction that the automotive market is taking in Europe. As we have seen recently, ACEA had stated that with the easing of the semiconductor supply problem, in 2022 car registrations in the European Union market could return to growth by 7.5%. Volumes, however, still far from those of 2019, the pre-pandemic period.
[Data source: ACEA]
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