The car market in Western Europe is still growing: registrations are in June increased by 18.7% (exactly 1,265,678) compared to the same month of 2022. This is the eleventh consecutive increase, due to the enhancement of production by car manufacturers, which was possible thanks to the slowdown of the crisis triggered by the difficulty of finding essential components (microchips and raw materials).
Electric car boom
According to data released by Acea, the first half of 2023 closed with a growth of 17.6% compared to the same period of 2022, with a total of 6,588,937 cars. In particular, in the European Union, registrations of electric cars a June there were 158,252, 66.2% more than the same month in 2022, equal to a market share of 15.1% compared to 10.7%. The Promotor study center highlights that the permanence of the car market, however, records sales levels that are very far from those prior to the crisis triggered by the pandemic: compared to registrations in 2019, precisely in relation to the first half year, the figure is down by 21.8%.
Registrations in Europe
With the exception of Hungary, where a 1.4% drop in registrations emerges, all European automotive markets grew, especially the four largest: Germany (+24.8%), Spain (+13.3%), France (+11.5%) and Italy (+9.1%). In the first six months of 2023, new car registrations in the EU increased significantly (+17.9%), reaching 5.4 million units. Acea points out that the improvements of the last month indicate a recovery of the industry in the continent, despite the volumes being still lower than the pre-pandemic period. Most of the region's markets grew significantly in the first six months of 2023, including the four largest: Spain (+24.0%), Italy (+22.8%), France (+15.3% ) and Germany (+12.8%).
The energy transition
According to Gian Primo Quagliano, president of the Centro Studi Promotor, from the analysis of the data it seems that there is no longer a direct correlation in Europe between the sale of cars and the trend of the economy. The reasons are only to a small extent attributable to the crisis in the supply of semiconductors and other components – he said -. In fact, there is still a big problem concerning theto demand and which is linked to the modalities of the energy transition. The dealers report that the recovery that began in August 2022 is essentially supported by the orders accumulated due to the supply difficulties of the houses, but the influx of new orders is languishing.