EU car sales drop in December

Europe’s automakers expect slower growth this year after sales declined in December – the first month of contraction after 16 consecutive months of growth

New EU car registrations   2022 2023 0.0% Change 

1,200,000
900,000
600,000
300,000
0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

682,962
760,041    11.3%

719,783
802,763    11.5%

844,819
1,087,939  28.8%

685,075
803,188    17.2%

792,215
938,950    18.5%

887,071
1,045,072  17.8%

739,135
851,156    15.2%

650,806
787,625    21.0%

788,258
861,062    9.2%

746,234 
855,484    14.6%

829,823
885,580    6.7%

896,241
867,052    -3.3%



How major automakers fared in December (Registrations, year-on-year)

VW Group
2022: 223,888 
2023: 226,397 
Change +1.1%

BMW Group 
2022: 64,912 
2023: 71,588 
Change +10.3%

Stellantis
2022: 149,944 
2023: 121,150 
Change -19.2%

Renault
2022: 108,254 
2023: 103,340 
Change -4.5%

Mercedes-Benz Group 
2022: 62,288 
2023: 59,813 
Change -4.0%
           
Jaguar Land Rover 
2022: 4,745 
2023: 5,220 
Change +10.0%
      


Sources: European Automobile Manufacturers’ Association (ACEA), Bloomberg © GRAPHIC NEWS