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Wednesday, 21 June 2023

Passenger car registrations in the EU: +18.5% in May, +18.0% in five months

European passenger car market kept on growing in May, marking the tenth positive month in a row and posting a significant +18.5%, with nearly 1 million units sold.

All four biggest markets expanded: Italy +23.1% (with 149,373 registrations, nearly 28 thousand more compared to May 2022); Germany +19.2%; France +14.8%; Spain +8.3%.

Five months into the year, demand for new passenger cars in Europe increased by 18.0%, with almost 4.4 million units. All major markets posted double digit gains: Spain +26.9%; Italy +26.1% (with 702,263 registrations, about 145 thousand over the same period last year); France +16.3%; Germany +10.2%.

Battery electric cars now represent 13.8% of the market and hybrid electric vehicles are the second choice, right after petrol cars, which still have the largest share (36.5%).

Read the full report