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During September 2022, new passenger car registrations in the European Union rose by 9.6%, marking the second consecutive month of growth this year according to the latest data from ACEA*.
This is really a mathematical quirk since the “increase” came from a low base of comparison from 2021, when the semiconductor shortage hindered vehicle production. It doesn’t reflect underlying demand or consumer sentiment. The four largest EU markets, Germany and Spain recorded double-digit gains (+14.1% and +12.7% respectively), while France (+5.5%) and Italy (+5.4%) showed modest rates of growth. For a more nuanced look see LMC Automotive. (Autoinformed.com on: Western Europe Car Sales Plunge in September)
This is also an economic calamity because 12.7 million Europeans work in the auto industry, directly or indirectly, comprising 6.6% of all EU jobs. Moreover, 11.5% of EU manufacturing jobs ,~3.5 million, are in the automotive sector. Motor vehicles are responsible for €398.4 billion of tax revenue for governments within key European markets.
During the first three quarters of 2022, the EU passenger car market contracted by 9.9% to 6,784,090 units, despite positive results recorded in the last two months. This was reflected in most countries’ performance, with all the region’s major markets facing losses over this nine-month period. Italy saw the steepest decline (-16.3%), followed by France (‑11.8%), Germany (-7.4%) and Spain (-7.4%), according to ACEA.
*The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
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.
Statistical Quirks Show September EU Car Sales up 10%
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During September 2022, new passenger car registrations in the European Union rose by 9.6%, marking the second consecutive month of growth this year according to the latest data from ACEA*.
This is really a mathematical quirk since the “increase” came from a low base of comparison from 2021, when the semiconductor shortage hindered vehicle production. It doesn’t reflect underlying demand or consumer sentiment. The four largest EU markets, Germany and Spain recorded double-digit gains (+14.1% and +12.7% respectively), while France (+5.5%) and Italy (+5.4%) showed modest rates of growth. For a more nuanced look see LMC Automotive. (Autoinformed.com on: Western Europe Car Sales Plunge in September)
This is also an economic calamity because 12.7 million Europeans work in the auto industry, directly or indirectly, comprising 6.6% of all EU jobs. Moreover, 11.5% of EU manufacturing jobs ,~3.5 million, are in the automotive sector. Motor vehicles are responsible for €398.4 billion of tax revenue for governments within key European markets.
During the first three quarters of 2022, the EU passenger car market contracted by 9.9% to 6,784,090 units, despite positive results recorded in the last two months. This was reflected in most countries’ performance, with all the region’s major markets facing losses over this nine-month period. Italy saw the steepest decline (-16.3%), followed by France (‑11.8%), Germany (-7.4%) and Spain (-7.4%), according to ACEA.
*The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
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.