Market balance Europe 9 months 2022
- The European automotive market (PC+LUV) is catching up again after two mediocre years. While the first half of 2022 (6.4 million sales) is worse than the first half of 2021 (7.6 million sales), the third quarter performs as well as the third quarter of 2021 (3.1 million sales).
- In 2020, the European market had experienced one of its worst years since 2013 with 13.8 million sales, with an extremely weak first half of the year (5.9 million units) due to the Covid 19 crisis that led to the closure of car factories and dealers, a figure last recorded decades ago. The second half of 2020 was a catch-up year (7.9 million units).
- In 2021, the first half of the year continued at the same pace as the second half of the year 2020 (7.6 million units), but the second half of 2021 fell behind again (6.2 million units) as it fell victim to the semiconductor crisis.
- The first half of 2022 was on par with the second half of 2021 (6.4 million units). Only a slight improvement emerged in September, when vehicle registrations exceeded those of September 2021 for the first time this year.
- By the end of September 2022, the European market was still down 10% year-on-year, with Italy, France, Belgium, Austria and all Scandinavian countries lagging the most. The distribution by powertrain over this period is as follows: 83% vehicles with combustion engines or HEVs, 10% BEVs and 7% PHEVs.
Contact us: info@inovev.com