Highlights and Lowlights

• US annual sales are estimated at 13.7 million units, down by 8% YoY – the lowest since 2011.
• The West European selling rate was the lowest annual result seen during either the pandemic or the financial crisis.
• The East European selling rate remained at 3.0 million units/year for December, despite raw monthly registrations increasing well versus November. The ongoing conflict in Ukraine has continued to suppress sales in this region with the annual total down 27% YoY, led chiefly by Russian sales falling almost 60% YoY.
• The Chinese market finished 2022 feebly caused by the sudden end of the zero‐COVID policy.
• India surpassed Japan during 2022, becoming the world’s third largest auto market.