Click for more information.
The Western Europe passenger vehicle (PV) selling rate dropped to 10.9 million units annually in March, from 11.7 million units in February, according to the latest data made public today by the LMC Automotive* consultancy. “However, the overall registration figure comfortably outstripped that of February, at 1.3 million units, in what is a seasonally strong month. In year-on-year (YoY) terms, the market was up 26%,” LMC said. (autoinformed.com on: February 2023 Western EU Passenger Vehicle Sales Up 11%)
All of the five largest Western European countries posted strong YoY growth in registrations. However, this was largely because 2022 provides a weak base of comparison, along with some easing of supply side challenges, aiding the pace of vehicle registrations LMC noted.
Click for more data.
“Although these countries are still operating below pre-pandemic standards, a further easing in supply constraints is expected over the course of this year, supporting registrations. Downside risks remain, with countries experiencing recessionary conditions that will be impacting underlying demand – this has been exacerbated recently by jitters in the financial markets. However, order backlogs will continue to provide a cushion to the weakening demand situation,” LMC said.
Market Breakdown
- The German PV selling rate for March 2023 decreased to 2.7 million units/year from 2.9 million units/year in February.
- In the UK, the PV selling rate also fell from 2.5 million units/year to 1.4 million units/year in March, though strong seasonality, in combination with supply constraints, were factors.
- The French PV selling rate rose a tad to 1.7 million units/year in March from 1.6 million units/year. Similarly, for Italy, the PV selling rate grew moderately to 1.5 million units/year for the past month from 1.4 million units/year in February.
- The PV selling rate for Spain also strengthened to 910k units/year in March from 870k units/year in February.
*LMC Automotive – a GlobalData Company
LMC Automotive is a leading independent and exclusively automotive focused provider of global forecasting and market intelligence in the areas of vehicle sales, production, powertrains and electrification. The company’s global clients include car and truck makers, component manufacturers and suppliers, financial, logistics and government institutions. LMC Automotive is part of the LMC group, as is J.D. Power. LMC is also the world’s leading economic and business consultancy for the agribusiness sector. For more information about LMC Automotive, visit www.lmc-auto.com. or contact LMC directly at forecasting@lmc-auto.com.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
March 2023 Western EU Passenger Vehicle Sales at 10.9M
Click for more information.
The Western Europe passenger vehicle (PV) selling rate dropped to 10.9 million units annually in March, from 11.7 million units in February, according to the latest data made public today by the LMC Automotive* consultancy. “However, the overall registration figure comfortably outstripped that of February, at 1.3 million units, in what is a seasonally strong month. In year-on-year (YoY) terms, the market was up 26%,” LMC said. (autoinformed.com on: February 2023 Western EU Passenger Vehicle Sales Up 11%)
All of the five largest Western European countries posted strong YoY growth in registrations. However, this was largely because 2022 provides a weak base of comparison, along with some easing of supply side challenges, aiding the pace of vehicle registrations LMC noted.
Click for more data.
“Although these countries are still operating below pre-pandemic standards, a further easing in supply constraints is expected over the course of this year, supporting registrations. Downside risks remain, with countries experiencing recessionary conditions that will be impacting underlying demand – this has been exacerbated recently by jitters in the financial markets. However, order backlogs will continue to provide a cushion to the weakening demand situation,” LMC said.
Market Breakdown
*LMC Automotive – a GlobalData Company
LMC Automotive is a leading independent and exclusively automotive focused provider of global forecasting and market intelligence in the areas of vehicle sales, production, powertrains and electrification. The company’s global clients include car and truck makers, component manufacturers and suppliers, financial, logistics and government institutions. LMC Automotive is part of the LMC group, as is J.D. Power. LMC is also the world’s leading economic and business consultancy for the agribusiness sector. For more information about LMC Automotive, visit www.lmc-auto.com. or contact LMC directly at forecasting@lmc-auto.com.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.