European car sales continue to nosedive

Year-on-year sales of new cars in Europe have declined 12.5% to 948,149 vehicles in May, as record inflation and slowing growth take their toll


NEW CAR REGISTRATIONS IN EUROPE* 
Year-on-year comparison highlights 11-month continuous decline

-23.6% -18.1% -25.2% -29.3% -17.5% -19.3% -2.4% -5.4% -18.8% -20.2% -12.5%
           
1.4 million 
1.2
1.0
0.8
0.6 
0.4 
0.2
0 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May
2020 2021 2022


DECLINE IN MAJOR MARKETS (Jan-May 2022)

-24.3	Italy
-16.9	France 
-11.5	Spain 
-9.3	Germany
   
Volkswagen sales down 21%

 
*Includes EU (27 countries), EFTA (Iceland, Liechtenstein, Norway, Switzerland) and UK


Sources: Bloomberg, ACEA 
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