VWAPY - European Union new car sales down 6% in January

Due to ongoing semiconductor shortage still negatively affecting car sales across the region, new passenger car registrations in the EU fell by 6% to 682,596 units in January 2022, followed by 22.8% decline in December. Of the four major EU markets double-digit declines were seen in Italy -19.7% and France -18.6%, while only Germany posted solid growth +8.5% and Spain saw a modest gain of +1.0%. Various markets in Central Europe posted gains in January with Slovakia +72.6% and Romania +55.5% seeing the strongest growth, although Polish sales contracted by 10.2% whereas in Western Europe almost all countries posted negative results. European Union January registration -7% for Volkswagen (OTCPK:VWAGY), -15.1% for Stellantis (NYSE:STLA), -3.5% for Renault (OTC:RNSDF), +28.7% for Hyundai (OTCPK:HYMTF), -9.2% for BMW (OTCPK:BMWYY), -13.8% for Mercedes-Benz (OTCPK:DMLRY), -18.6% for Ford (NYSE:F), +9.7% for Toyota (NYSE:TM), +10.7% for Honda (NYSE:HMC), -22.3% for Volvo (OTCPK:VOLAF), -22.2% for Nissan (OTCPK:NSANY) and +17% for Mazda (OTCPK:MZDAY). A glance at 12 months trend of the European Union market:

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European Union new car sales down 6% in January