FG Trade
European Union passenger car registrations dropped 6.1% in the eleven months of 2022, however was up 16.3% in November, with 829,527 units sold.
This compares to the October figure of 12.2%.
November reports, bifurcating geographically: Germany up 31.4%, Italy up 14.7%, Spain up 10.3%, and France up 9.8%.
Q3 2022 market share – fuel types of new cars: battery electric 11.9%, hybrid 22.6% and petrol 37.8%, according to European Automobile Manufacturers’ Association (ACEA).
Geographically eleven month performance 2022: Italy recorded the weakest result so far this year, down 11.6%, followed by France down 8.7%, Spain down 4.4% and Germany down 2.4%. Though results have been strong in the recent months, the weakness posted between January to July was enough to drag down the overall numbers.
Tickers to watch: Volkswagen (OTCPK:VWAGY); Stellantis (NYSE:STLA); Renault (OTCPK:RNSDF); Toyota (NYSE:TM) ; Ford (NYSE:F); Volvo (OTCPK:VLVLY).
