Western European car market remains steady in September

The Western Europe PV selling rate slowed to 11.4 million units/year in September, registering 1.1 million vehicles (+11.1% YoY). YTD the region has accumulated 8.7 million registrations which is 17.5% higher than the YTD September 2022 total. The five major West European countries continue to recover with improved vehicle supply supporting deliveries.

In September, France continued its recovery path, recording 156k units, 10.7% higher YoY, with a selling rate of 1.9 million units/year. YTD the market has accumulated 1.3 million vehicle registrations, almost 16% higher than YTD September 2022. The Italian PV market registered 136k units in September, up 22.8% YoY and with a selling rate of 1.7 million units/year. Despite the strong growth this month, and the YTD figure of 1.2million units up 21% from YTD September 2022, the market is still performing well below pre-pandemic 2019 levels. Spain’s PV market selling rate remained flat from August to September at 1 million units/year, with total monthly sales of 69k units (+2.3% YoY). The monthly registration figure was again helped by easing supply issues, though political uncertainty and high inflation are among risks. YTD the market has sold 711k units, which is 18.5% higher than the volume of sales recorded YTD September 2022.