According to data from NGC-Data®, new car registrations fell a further 10.1% in May 2022, the twelfth consecutive month in the red. Peugeot, Renault, Citroën, VW and even Toyota are suffering, unlike Dacia and Hyundai. Since January, the fall has reached 16.9%.
According to figures from NGC-Data®, the French automotive market continues to be brooding, with a twelfth consecutive month in the red. In May 2022, only 126,819 new cars were registered, i.e. a decline of 10.1% compared to May 2021 (141,053 units) despite two additional working days. But it is above all a drop of 34.6% compared to May 2019 (193,949 units), the last reference year.
The Shortage of Semiconductors and the consequences of the war in Ukraine therefore continue to weigh on the supply chain and delivery times. Note, however, that the fall in registrations seems to be slowing down, since the -10.1% recorded in May appears to be the smallest drop since the start of 2022. Similarly, the monthly volume for May was the second higher behind March’s 147,098 units. However, it is too early to speak of a market recovery.
New car registrations by month in 2022
- January: 102,901 (–18.6%)
- February: 115,383 (–13%)
- March: 147,098 (–19.5%)
- April: 108,733 (–22.6%)
- May: 126,819 (–10.1%)
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The heavyweights of the market are struggling
With 40,036 registrations recorded in May 2022, the brands of Stellantis group remain at the top of the market with a share of 31.6% despite a fall of 9.8%. In second place with 32,957 units, the Renault group posted a decline of 7.5%. But it was above all the Volkswagen group (15,958 units, – 29.3%) that suffered the most among the heavyweights on the market. Conversely, the Hyundai group (+23.61%) rose ahead of Toyota (–7.6%) thanks to its good performance.
In detail by brand, Renault is back in front of Peugeot with 22,971 units (– 12.2%) accumulated for the Losange, against 20,742 units (– 8.3%) for the Lion. Within the monthly top 10, Citroën (– 29.5%), Volkswagen (– 32.4%) and Toyota (– 6.2%) are in the red, while Dacia (+ 4.2%), Hyundai (+30.1%), Mercedes (+7.5%), BMW (+5%) and Fiat (+19.6%) are progressing.
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A deficit of 334,580 cars compared to the end of May 2019
Over the first five months of the year, Peugeot remained the leader in the French automobile market with 99,855 units registered, ie a share of 16.6%, despite a 25.5% drop in registrations. Renault is second with 90,581 units (–21.7%), ahead of Citroën (54,428 units, –24.3%), Dacia (47,413 units, –1.4%) and Volkswagen (37,977 units, –19 .6%). Among the few manufacturers to make progress in 2022, note the good performance of Hyundai (19,522 units, + 8.3%) and Kia (18,876 units, + 7%).
Despite everything, registrations of new cars look gray, since they fell by 16.9% between January and May 2022, totaling 126,819 units. Compared to the end of May 2021, 122,396 new cars are missing, while the deficit reaches 334,580 units compared to 2019.
