European Passenger Car Registrations: -12.3% Y/Y in Q1; -20.5% Y/Y in March, via ACEA

In March 2022, passenger car registrations in the European Union continued to decline (-20.5%), with 844,187 units sold. The ongoing supply chain disruptions, further exacerbated by Russia’s invasion of Ukraine, negatively affected car production. As a result, most countries in the region recorded double-digit drops in sales, including the four key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%) and Germany (-17.5%).
During the first quarter of 2022, new car registrations fell by 12.3% compared to the same period last year, counting 2,245,976 new passenger cars in total. All four of the major EU markets saw decreases: Italy (-24.4%), France (-17.3%), Spain (-11.6%) and Germany (‑4.6%).