The Volkswagen Group accounted for over quarter of new car registrations in the European market between January and December 2023. Year-to-date, the automaker sold some 3.32 million units, roughly 1.2 million units more than the manufacturer's closest rival.
Stellantis becomes Europe's second largest auto manufacturer
Second-placed Stellantis comprises 14 brands, including Opel and Vauxhall, two brands previously owned by General Motors, in 2017. Stellantis was formed by the merger of FCA and PSA. Incentives offered by the French government fuelled demand in PSA's domestic market, France. However, the French market crumbled in Autumn 2020 and Germany remained as Europe's leading passenger car market. In May 2021, German manufacturers – Volkswagen and peer automakers Daimler and BMW – held just under 40 percent of the European market.
European car sales collapsed during the pandemic
Between January and December 2020, passenger car sales in Europe decreased by about 24 percent to roughly 12 million units. Sales began to tank mid-March, amid the coronavirus pandemic in Europe. Year-on-year sales were still down 57 percent in May 2020, but car sales began to bounce back as economies reopened. Month-on-month sales more than doubled in May and continued on an upward trajectory in June. Sales were back to normal levels in September and October. Outbreaks of COVID-19 in the Autumn of 2020 prevented a positive end to the year for the automotive industry.
Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations
On January 16, 2021, PSA and FCA merged to form the automotive manufacturing corporation Stellantis N.V..
The figures refer to the countries within the EU-27 region, the UK, and the EFTA (including Iceland, Norway, and Switzerland); all values are ACEA estimations based on total by market.
The abbreviation ACEA stands for Association des Constructeurs Européens d'Automobiles.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
ACEA. (January 18, 2024). Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/
ACEA. "Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations." Chart. January 18, 2024. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/
ACEA. (2024). Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/
ACEA. "Selected Passenger Car Manufacturers' European Market Share between January and December 2023, Based on New Registrations." Statista, Statista Inc., 18 Jan 2024, https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/
ACEA, Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations Statista, https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/ (last visited October 31, 2024)
Selected passenger car manufacturers' European market share between January and December 2023, based on new registrations [Graph], ACEA, January 18, 2024. [Online]. Available: https://www.statista.com/statistics/263421/market-share-of-selected-car-maunfacturers-in-europe/