Registrations: New car sales rose in August, the first in 15 months

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Hallelujah. In August 2022, new car registrations reached 91,411, an increase of 3.79% compared to August 2021. This good news marks the end of 14 consecutive months of decline. Asia and electrification are the big winners.

The bleeding that has affected the French car market for 14 consecutive months marks a pause. Although it was considered the smallest month of the year, new car registrations increased by 3.79% in August compared to August 2021 (88,065 copies), whose number of working days (22) was identical. Admittedly, we are still far from the 129,257 registrations in August 2019.

Thus, since the beginning of 2022, 971,033 new vehicles have been registered, a decrease of 13.8% compared to 2021. The finding is worse if we compare with 2019, the reference year before the Covid crisis, when 1,467,191 had been registered new cars in the same period. In this case, the drop reaches 29.3%.

Of course, the reasons for this gloom are more or less the same as those that have been going on for 14 months. In addition to the Covid crisis, according to NGC-Data “increase in commodity and energy prices, difficulties in the production and supply of semiconductors, economic uncertainty of all kinds (war in Ukraine) and inflation of “only” +5.8% (INSEE) in August“.

Another factor, part of the French population “also waiting, before choosing your next vehicle, to find out what its room for maneuver will be in terms of traffic restrictions in metropolitan areas and in terms of the evolution of fuels (prices and taxes)“.

Finally, the historical manufacturers now prefer to advocate a policy of moving the exclusive market to preserve their profits (electric motorization, availability of high finish, lower discounts) to the detriment of registration volumes at any cost.

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The used market is still lagging behind

As for the used market, the trend over the past 9 months has been downward. The month of August did not escape this wasteland with 364,535 transactions, or -15.9%.

According to Marie-Laure Nivot, Market Intelligence Manager at AAA Data, this is explained by the fact that many French “are increasingly choosing to rent-to-own. We also note that an increasing proportion of them choose to buy their car at the end of the contract, no doubt due to the lack of availability of new cars and the inflation affecting the used market. This trend is naturally helping to dry up the supply of newer used models“.

Electric, more electric

Those who predicted a dominance of electric over diesel and petrol from this summer will be in for a treat. If the share of diesel has weakened by 11%, the fuel still maintains a market share of 16.7%, or barely 4 points more than electric (12.1%). The electric, precisely, increased by 24% in August. Ditto for gasoline, whose market share is 38%.

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PFA AAA DATA REGISTRATIONS AUGUST 2022 ELECTRIFICATION

Electrified engines such as non-rechargeable hybrids will remain stable at 18.5% of VPN registrations in 2022, while plug-in hybrids are at 7.5% (down 15.1%). The latter will actually lose their tax support with the future Euro 6 standard.

Electricity, the spearhead for Asian manufacturers

Once again, it is the Asian manufacturers who are doing well. Since the start of the year 2022, the Hyundai/Kia duo has had a growth of 6.8% (31,542 VP) and 4.1% (29,157 VP) respectively.

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Although qualified as a niche brand by NGC Data, another Asian manufacturer is making headlines. This is MG Motor, whose growth since the beginning of the year is 98.7% (5276 VP). The Chinese should do a lot of damage with its new model, the MG4.

PFA AAA DATA REGISTRATIONS AUGUST 2022

Among the other fine progress since the start of the year, let’s mention Dacia, which in August registered 8,847 cars (+13.13%; market share of 9.68%), hot on the heels of Citroën and its 9,570 cars (+ 7, 30% MRP of 10.47%). Like Hyundai and Kia, Dacia is one of the few that has been in the green since the start of the year: 82,978 registrations (+3.96%) and a market share of 8.55%.

As for the French, Peugeot is number one in August with 14,290 registrations (+14.34%; market share of 15.63%), followed by Renault (10,872 passenger cars; -15.43%; market share of 11.89%) and Citroën (9,570). personal computers; +7.30%; PDM of 10.47%).

On the other hand, Peugeot, Renault and Citroën in the first 8 of the year 2022 observe a decrease of -18.95%, -14.24% and -21.03% respectively. Remember that the French market has been at -13.81% since January 2022.

Peugeot 208, Citroën C3 and Dacia Sandero, sales queens

With 97 more cars, Peugeot 208 phase 2 (5,548 PV; +23.48%) maintains its first place ahead of Citroën C3 phase 3 (5,451 PV; +48.49%) and Dacia Sandero 3 (4,435 PV; -20.31%) .

NGC DATA RECORDS AUGUST 2022

Again, the top 10 for the month of August is monopolized by Stellantis, who places five cars (Peugeot, Citroën and Fiat) against four for the Renault-Dacia duo. Within this top, 6th place is occupied by Toyota Yaris (2,622 PV; +15.71%).

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