The recovery of the automotive market in Europe accelerates in October 2022

New car registrations in Europe increased by 14.1% in October 2022, to 910,753 units. The Volkswagen and Toyota groups are the main architects of this rebound. The balance remains negative for ten months: – 7.8%, with 9.18 million vehicles registered.

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The Volkswagen group (+39.9%) contributed significantly to the increase in the automotive market in Europe in October 2022.

The argument


The European automobile market (European Union* + United Kingdom, Iceland, Norway and Switzerland) confirmed its recovery, posting a third consecutive increase in October (+9.6% in September; +4.4% in August). It thus registered 910,753 new cars in this tenth month, an increase of 14.1% compared to October 2021. This is the first double-digit growth since June 2021. However, this should be put into perspective because the volume recorded last year was low (798,693 units). This month of October 2022 is the second lowest month observed since 2007 and the third below the one million mark for registered vehicles (along with 2021 and 2012). For comparison, 1.129 million vehicles passed in October 2020 and 1.214 million in October 2019.

Of the 30 European countries analyzed by ACEA, only five showed a decrease in registrations in October: Denmark, Hungary, Finland, Slovenia and Ireland. Four of the continent’s top five markets posted double-digit increases: Germany (+16.8%), United Kingdom (+26.4%), Italy (+14.6%) and Spain (+11.7%).

The Volkwagen Group was a hit, Stellantis sunk

At group level, this tenth month was particularly prosperous for Volkswagen, with registrations up 39.9%. The German group accounted for a quarter of the European automotive market, posting a share of 25.5% in October (compared to 20.8% in October 2021). Audi (+59%) and Skoda (47.5%) are the most popular brands. Despite the market rebound, the second European group, Stellantis, is still struggling, posting a decrease of 1.8% and a share of 17.9% (against 20.8% last year). The three major brands by volume recorded declines this month and conceded market share: Peugeot points to – 6.2%, Opel to – 3.8% and Fiat to – 7.7%. Thanks to an increase of 2%, the Renault group (share of 9.1%; – 1.1 points) surpassed the Korean Hyundai in October by several hundred cars (9%; – 1.8 points), whose registrations fell by 4.9% .

Other notable gains included the performance of Toyota Group (+41.7% and up 1.5 points in share) and Ford (+37.8%; +0.8 points).

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The Audi brand rose to the podium of the most registered cars in October 2022 in Europe.

The argument

The 15 most registered brands in October 2022 in Europe

Brands October 2022 Gap 22/21
Quantity go (%) (%)
1 volkswagen 102 166 11.2 + 37.4
2 Toyota 65,326 7.2 + 46.2
3 Audi 52,601 5.8 + 59
4 BMW 50,962 5.6 + 5.8
5 Peugeot 49,486 5.4 6.2
6 mercedes 49,005 5.4 + 1.9
7 Renault 48,041 5.3 5.9
8 Skoda 44,777 4.9 + 47.5
9 Kia 42,413 4.7 + 0.9
10 hyundai 39,646 4.4 + 8.9
11 Dacia 34,630 3.8 + 16
12 Opel-Vauxhall 32,038 3.5 3.8
13 fiat 30,936 3.4 7.7
14 Citroën 30,783 3.4 + 2.5
15 chair 26,005 2.9 + 29.5
Total EU + EFTA + UK 910 753 100 + 14.1

A deficit of 4.1 million vehicles compared to 2019

In the first ten months of 2022, the European automotive market decreased by 7.8% compared to the same period last year, with a total of 9,181,660 units. As in 2020 and 2021, registrations were below the 10 million car mark during the period. In 2019, for example, 13.33 million NV passed by the end of October. Nine countries posted positive changes since January, while the continent’s main markets saw their results fall, sometimes even by double digits. This is particularly the case for France (–10.3%) and Italy (–13.8%).

Only two groups are in the overall green: Hyundai (+ 5.4%) and Toyota (+ 2.3%). Volkswagen Group (-11.2%) and Stellantis (-14.8%) recorded double-digit declines, while Renault Group (-4.5%) limited damage thanks to Dacia (+16.6%). Other rare brands are DS (+17.2%), Kia (+8.8%), Hyundai (+1.9%), Toyota (+4.9%), Porsche (+12.3%) and Alfa Romeo (+18.6%) in the increase since January in Europe.

The 15 most registered brands at the end of October 2022 in Europe

Brands 10 months 2022 Gap 22/21
Quantity go (%) (%)
1 volkswagen 964 188 10.5 13.3
2 Toyota 633 532 6.9 + 4.3
3 Peugeot 524 447 5.7 14.2
4 BMW 518 919 5.7 10.8
5 mercedes 512,342 5.6 3.6
6 Audi 493 193 5.4 4.1
7 Kia 468 295 5.1 + 8.8
8 Renault 463,576 5.0 16.8
9 Skoda 445 332 4.9 11.7
10 hyundai 435,041 4.7 + 1.9
11 Ford 429 125 4.7 5.3
12 Dacia 383,448 4.2 + 16.6
13 Opel-Vauxhall 362 413 3.9 12.9
14 fiat 331,710 3.6 19.5
15 Citroën 321,579 3.5 15.6
Total EU + EFTA + UK 9,181,660 100 7.8

* Data not available for Malta.

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