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.**

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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 [email protected].

**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.