The Western Europe passenger vehicle selling rate rose from 10.3 million units/year in October to 12.2 million units/year in November – the second strongest performance of the year behind August, according to data just released by the LMC Automotive consultancy*.
November 2022 increased 19% year-over-year (YoY), with 920,000 cars registered. Year-to-date (YTD), sales remain down (-6%) because vehicle supply is still a problem.**
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Sales by Market
- German passenger vehicle (PV) selling rate rose from 2.4 million units/year in October to 3.2 million units/year in November.
- UK PV selling rate rose to 2.2 million units/year, up from 2.0 million in October and 1.3 million in September.
- France PV selling rate also improved to 1.8 million units/year in November from 1.5 million units/year in October.
- Italian PV selling rate picked up to 1.5 million units/year from 1.4 million units/year in the previous two months.
- Spain’s latest PV selling rate picked up from the previous month, with October and November at 860k and 970k units/year respectively.
*LMC Automotive is a respected 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 clients from around the globe include car and truck makers, component manufacturers and suppliers, financial, logistics and government institutions. LMC Automotive is part of the LMC group. LMC is the world’s leading economic and business consultancy for the agribusiness sector. For more information about LMC Automotive, see www.lmc-auto.com. or contact LMC directly at forecasting@lmc-auto.com.
**During 2022, supply constraints have led to long lead times for new vehicles, and in the process ensured that transaction prices are well above historical norms. For 2023, LMC assumes these bottlenecks will ease as the year progresses. “However, the demand side is also fraught with headwinds including high inflation, falling consumer confidence, stretched household budgets and tighter monetary policy. We assume 2023 will comfortably outpace 2022 though we are a little more cautious than last month as we balance the ongoing risks to both supply and demand,” LMC said.
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.
November Breaks Covid Fever in Western Europe Sales
The Western Europe passenger vehicle selling rate rose from 10.3 million units/year in October to 12.2 million units/year in November – the second strongest performance of the year behind August, according to data just released by the LMC Automotive consultancy*.
November 2022 increased 19% year-over-year (YoY), with 920,000 cars registered. Year-to-date (YTD), sales remain down (-6%) because vehicle supply is still a problem.**
Click for more information.
Sales by Market
*LMC Automotive is a respected 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 clients from around the globe include car and truck makers, component manufacturers and suppliers, financial, logistics and government institutions. LMC Automotive is part of the LMC group. LMC is the world’s leading economic and business consultancy for the agribusiness sector. For more information about LMC Automotive, see www.lmc-auto.com. or contact LMC directly at forecasting@lmc-auto.com.
**During 2022, supply constraints have led to long lead times for new vehicles, and in the process ensured that transaction prices are well above historical norms. For 2023, LMC assumes these bottlenecks will ease as the year progresses. “However, the demand side is also fraught with headwinds including high inflation, falling consumer confidence, stretched household budgets and tighter monetary policy. We assume 2023 will comfortably outpace 2022 though we are a little more cautious than last month as we balance the ongoing risks to both supply and demand,” LMC said.
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.