after the end of the shortage of electronic chips, the European market slowed down by inflation

At the end of the year, it is time to take stock and European car manufacturers are starting to put together the figures. Sales were good, even if they were less dynamic in November.

The entire year cannot be summed up in a single month of activity, but it is true that November marked a setback. Sales of new cars on the European continent have not fallen, it is the rate of increase that has slowed down. This was all the more significant as, until the summer, registrations were growing at a double-digit rate. So we went back down below.

According to the latest figures communicated by the Association of European Automobile Manufacturers (ACEA) for the month of November, the market still recorded an increase of just over 6.5% compared to the same month of ‘last year. In Europe, 885,000 new passenger cars were registered. But if we look at the evolution since the start of the year, the score remains dynamic with, over eleven cumulative months, sales increasing, close to 17%, which represents 9.7 million cars sold on the market. European.

The slowdown in November was mainly due to inflation. The rise in prices slowed down orders and European households postponed their purchases. This inflation came to break the recovery movement which had been initiated thanks, in particular, to the improvement in the supply of computer components. Inflation has destroyed the positive effects of the end of the microchip shortage.

Match between thermal, diesel and electric cars

Electric models continue their strong growth: sales up 48% from January to November to now occupy 14% of the market. This electric car market is mainly driven by the American Tesla, even if Stellantis has just overtaken it in Europe. Gasoline engines remain in the majority and diesel sold better in Eastern Europe than elsewhere.

As for manufacturers, all models combined, the German Volkswagen continues its lead with 26% European market share. Follows Stellantis (formerly PSA Peugeot Citroën) with 18% and Renault/Dacia with 11% market share. These figures, in the current context, are very honorable scores.