For the European car market, the month of November 2022 ended; positively closed. This is the fourth consecutive positive month after a year with only minus signs. Going into the details communicated by ACEA, last month, at European Union level, 829,527 cars were registered, equal to a growth of 16.3% on 2021 (713,273 registrations).
If we also want to consider the United Kingdom and the EFTA countries, 1,014,630 cars were registered against 864,046 in 2021. This is a growth of 17.4%. However, we are still a long way off the numbers of 2019 (the year prior to the outbreak of the pandemic) when the European Union (including the United Kingdom) and EFTA countries had registered a total of 1,210,860 registrations.
Despite the recovery of the last period, 2022 as a whole, continues to be negative. In fact, at the European Union level, the first 11 months of the year recorded a drop of 6.1% compared to 2021. Considering the United Kingdom and the EFTA countries, we are at -5.8%.
Returning to the month of November, the ACEA report shows that most of the auto markets in the European Union closed the month with growth. Out of the top 4 markets, the biggest increase is the largest. important is; been observed in Germany (+31.4%). Followed by Italy (+14.7%), Spain (+10.3%) and France (+9.8%).
In the first 11 months of the year, among the four main markets of the European Union, Italy recorded the worst result (-11.6%), followed by France (-8.7%), Spain (-4.4%) and Germany (-2.4%).
As regards, on the other hand, the automotive groups, at the level of the European Union, in November 2022 the Volkswagen Group closed with a growth of 36 .4%. Instead, Stellantis finished the month down by 1.1%. For the Renault Group, the month of November closed with a growth of 2.1%.
There are only two weeks left before the end of 2022, a particularly complex year for the automotive market. So, soon it will be; It is possible to sum up the performance of the year.
[Data source: ACEA]
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