Automotive, registrations in Europe at +18.7% in June: electric boom (+66.2%)

The car market in Western Europe continues to grow: registrations in June increased by 18.7% (exactly 1,265,678) compared to the same month in 2022. This is the eleventh consecutive increase, due to the boost in production by auto manufacturers, which was made possible thanks to Slow down the crisis caused by difficulties To find the basic ingredients (chips 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 in 2022, with a total of 6,588,937 cars. In particular, in the European Union, electric vehicle registrations a June was 158,252, up 66.2% from the same month in 2022until to a market share of 15.1% versus 10.7%. The Promotor Study Center highlights that the permanence of the car market, however, records sales levels far removed from those before the crisis triggered by the pandemic: compared to records in 2019, specifically with regard to the first half of the year, the figure decreased by 21.8% .

recordings in Europe

With the exception of Hungary, where a 1.4% decline in registrations was shown, all European car 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 European Union increased significantly (+17.9%), reaching 5.4 million units. Acea notes that the improvements in the past month point to a recovery in industry on the continent, though Volumes are still lower than pre-pandemic. 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%).

energy transmission

According to Gian Primo Quagliano, President of 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 direction of the economy. The reasons are only insignificantly attributed to the crisis in Purchase of semiconductors and other componentsI – he said -. In fact, there is still a big problem withto claim which is related to energy transmission methods. Traders report that the recovery that began in August 2022 is mainly supported by backlogs of orders due to home supply difficulties, but that the flow of new orders is waning.