Another positive sign for the
European
car
market
.
In September, registrations in the European Union, EFTA countries and the United Kingdom - according to data from Acea, the association of European manufacturers - were 1,049,926, 7.9% more than in the same month of 2021. From the beginning year the total is 8,271,115, equal to a drop of 9.7% on the same period last year.
The
Stellantis
group registered 174,635 cars in Western Europe (EU, EFTA and UK), 2.6% less than in the same month of 2021. The share is 16.6% compared to 18.4%.
In the nine months, the group's registrations totaled 1,559,467, down by 16.3% compared to the same period last year, with the share falling from 20.3% to 18.9%.
Csp, new positive sign but it is early for optimism
"After thirteen consecutive months of decline, the Western European car market (EU + Efta + UK) recorded a small positive signal in August (+ 3.4%) and now Another more consistent positive sign emerges: growth of 7.8% in September. As in August, the result in September is also due to almost all 30 national markets in the area. The improvement is therefore widespread ".
The Promotor Study Center underlines this.
According to the president
Gian Primo Quagliano
, "perhaps, however, it is still early for optimism because there is also the concrete possibility of facing a rebound in a market that has fallen by 31 compared to 2019, 7%. And this due to a crisis in demand accompanied by a crisis in supply. Demand was heavily penalized by the pandemic, by its economic consequences on businesses and citizens, by the psychological and concrete impact of the war in Ukraine, by the return of inflation and other factors. The supply of new cars has been severely penalized by the shortage of components necessary for production. What could be the causes of this, for now timid, turnaround? The most probable hypothesis seems a slight improvement in the availability of new cars.However, there is no confirmation ".
The data relating to the five major markets which together absorb 73.3% of registrations (Germany, United Kingdom, France, Italy and Spain) are also consistent with the overall trend of the Western European market - explains the Csp -.
These five markets had overall growth of 4.5% in August and 8.2% in September, a slightly better result than that of the entire region.
And this too, if we want to be optimistic, is a small sign.