New car registrations in May 2022, still and still under oxygen

In May 2022, new car registrations reached 126,819 compared to 141,053 in May 2021, a decrease of 10.1%. Against all odds, the electric continues to grow and does not know the crisis.

We no longer know what apocalyptic qualification we will need to describe the situation in the French car market. But to sum up, it’s (still) a hell. Once again, the sector continued its relentless decline for the twelfth month in a row.

In May 2022 (21 working days), registrations of new passenger cars were 126,819, ie a decrease of 10.1% compared to 140,040 in May 2021 (19 working days). In comparison, in May 2019 (20 working days), the reference year before Covid, there were 193,948.

Since the beginning of 2022, the registrations of new passenger cars have thus reached 600,934, ie a decrease of 17% compared to the same period in 2021. The decrease is even 36% compared to May 2019, when there were 935,478 registrations .

According to NGC Data Analysts, the causes are almost identical from month to month. In addition to the Covid crisis, which has seriously weighed on the market over the past two years, the lack of semiconductors that are still ongoing has been added. “increase in raw materials, rising energy prices, production difficulties and economic uncertainty of all kinds“. The war in Ukraine, which promises to be still long, inflation (+ 5.2%), which continues to rise, and the election context thus does not encourage French households to consider buying a vehicle as a priority.

French manufacturers pick up, Kia and Hyundai in the firmament

Once again, the French manufacturers did not attend the party in this beautiful month of May 2022. Thus, Peugeot and Citroën suffered a decrease of 8.3% and 30% in sales, respectively. a decrease of 26% and 24% compared to the first five months of 2022.

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Within the Stellantis group, Alfa-Romeo is also in poor shape: -40%. Only DS Automobiles, Opel, Fiat and Jeep are in the green.

As for Renault, it recorded a decrease of 12.15%, while Dacia had an increase of 4.2%, just like Alpine (+ 164.38%). For the group as a whole, it had fallen by 7.48%.

Another decline, the Volkswagen brands, with an overall decline of 29.35%: Volkswagen lost big (-32%) as well as Seat (-59%). And this despite the excellent sales of Cupra Born (2606 units over five months), the sister brand to the Iberian, which can not limit breaks. Unfortunately, the Premium Porsche (-49.41%) and Audi (-17%) do not escape the surrounding gloom.

However, Germany saves the honor with BMW (+ 5.18%) and Mercedes (+ 7.52%).

Among the victims of the fall in this month of May 2022, we will mention Volvo Car (-62.36%), Jaguar-Land Rover (-57%), Toyota (-6.18%), Lexus (-36.57%), Suzuki (-23.91%), MG (-17%) and Tesla (-92.80%).

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The good surprise comes from the Korean duo Hyundai-Kia: + 30.15% and + 15.11%. Thus, the first of the cousins ​​is a hit with 4,714 registrations in May 2022, or 19,522 since January 2022. Hyundai allows itself to surpass the German premiums like Audi, BMW and Mercedes.

In addition to the Hyundai-Kia, let’s not forget the Mitsubishi, which seems to find another youth (+ 256.96%). (Source PFA / AAA data)

Energy: electric on the verge of taking the lead in front of the petrol-diesel mix

In terms of energy, petrol and diesel continue their debacle: -22% for a market share of 36% for the first and -28% with a market share of 18% for the second. Which leads analysts from NGC-Data (monthly data provider) to say that “diesel and petrol can no longer be the majority in the June 2022 energy mix if current trends are confirmed in the coming weeks“.

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The big winner is inevitably electric vehicles with an increase of + 32% and a market share of 12%. Identical situation for hybrids (+ 12%) and plug-in hybrids (+ 8%).

The opportunity is in crisis

Finally, a word about the second-hand market, which continues to bear the brunt of the crisis for the 6th month in a row. 2,297,388 used vehicles were sold in the first five months of 2022, compared to 2,561,680 in 2021 (-10%) and 2,414,346 in 2019 (-5%).

Last month we wrote that the catastrophic situation in the car market should not change until 2023-2024. According to our colleagues from Motoristsgiven the figures for the first five months, the car market for new cars is expected to fall below the mark of 1.45 million units sold by the end of 2022.

The latter even thinks that this projection, somewhat optimistic, should be revised downwards. The reason ? en “generalized inflation, the decline in household purchasing power, but also a real decline in consumption and French morale“. (Source The Automobilist)

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