EU Passenger Car Registration in December Up by 12.8% YoY

In December, passenger car registration in the EU increased by 12.8% YoY, totaling 896,967 units. Meanwhile, in the whole of 2022, EU registration of new cars decreased by 4.6% YoY. In Croatia in the mentioned period, passenger car registration reported a slightly lower decrease of 4.4% YoY, while only in December an increase of 10.1% YoY was noted.

In December 2022, passenger car registration in the EU increased by 12.8% YoY, totaling 896,967 units. The most significant increase reported in the EU by far was in Germany, where the reported increase amounted to 86.7k units, representing a 38.1% YoY increase. Germany is followed by Italy, where an 18.2k unit increase can be noted (+21% YoY). Furthermore, Spain, which can be considered a major and significant region reported a decrease of 12.2k units (-14.1%), while France, also a significant region, remained flat with just a slight 0.1% YoY decrease in December.

When observing the whole of 2022 (January – December), the situation is relatively different – EU registration of new cars decreased by 4.6% YoY, reaching 9.3m units registered in total. EU new car registration remained in the negative territory, as recent improvements were not enough to offset cumulated losses this year. When observing the whole period, Italy and France, both considered the major market, reported the highest decrease of 9.7% and 7.8% YoY, respectively, with total car registration amounting to 1.3m and 1.5m units (decreasing by 141.3k and 130k units). A decrease in another major market, Spain further amplified this decrease. Spain reported a decrease of 5.4% YoY, which is a decrease of 46.1 units of cars registered. On the other side, Germany reported a slight increase of 1.1% YoY in the mentioned period with an increase of 29.3k units.

Looking at the region, when observing the whole period since the beginning of the year, Croatia reported a decrease of 4.4% YoY, amounting to 42.9k units registered. Looking at data only for December, Croatia reported an increase of 10.1% YoY, amounting to 2.7k units registered. Slovenia reported a somewhat worse situation – when observing the whole of 2022, Slovenia reported a decrease of 14.2% with 46.4k units total.

Category : Flash News

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