EU new car sales up 16% in Nov but still behind 2019

Volkswagen's transparent factory in Dresden

The EU new passenger car market posted rose in November for the fourth in a row, according to the European Automobile Manufacturers’ Association (ACEA).

It rose 16.3% with 829,527 units sold.

However, last month’s volumes remained well below the pre-pandemic levels of November 2019, when 1 million cars were registered.

The strongest increase was observed in Germany (+31.4%), followed by Italy (+14.7%), Spain (+10.3%) and France (+9.8%).

“Eleven months into 2022, new passenger car registrations across the European Union were 6.1% lower compared to the same period last year,” said ACEA.

“Despite the recent strong results, declines generated from January to July were enough to drag down the year-to-date performance.

“Among the region’s four key markets, Italy recorded the weakest result so far this year (-11.6%), followed by France (-8.7%), Spain (-4.4%) and Germany (-2.4%).”