ACEA reports double digit drop in EU passenger car registrations in first half of 2022
July 22, 2022
The European Automobile Manufacturers’ Association (ACEA) has reported that over the first half of 2022, new car registrations in the European Union shrank by 14% when compared to the previous year, totalling around 4.6 million units. All of the region’s major markets recorded double-digit drops: Italy (-22.7%), France (-16.3%), Germany (-11%) and Spain (-10.7%).
The association stated that in June 2022, EU passenger car registrations continued the downward trend, falling 15.4% compared to 2021. This, the ACEA stated, is due to supply chain issues limiting vehicle output. With just 886,510 units registered, the month marked the lowest June on record – in terms of volume – since 1996. All four major EU markets contributed to the fall, with Germany seeing the strongest decline (-18.1%), followed by Italy (-15%) and France (-14.2%). Spain noted a modest decline of -7.8%.
The ACEA represents the sixteen major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
