Registration is still below pre-Covid levels

Registration is still below pre-Covid levels


DAccording to the Federal Motor Transport Authority, the new registration of passenger cars in October exceeded the number of 2021 by 16.8 percent, but it is lower than 2020 and 27 percent below the data before the Corona epidemic. The Volkswagen Group in particular seems to be overcoming the supply problem caused by the lack of chips. Compared to October 2021, Volkswagen recorded a 45.9 percent increase in registrations, as did the group brands. Audi (with 94.8 percent), Škoda (with 50.8 percent) and Seat (with 64.1 percent) grew strongly. However, when looking at the market share of registrations from January to October, the comparison from 2022 to 2021 shows that Audi has gained almost one percentage point to 8.1 percent, while Volkswagen’s market share in 2022 (18.5 percent) is still below that value . 2021 (19.2 percent). Europe’s second largest carmaker Stellantis lost with its most important brands in a comparison of registration figures for the month of October and in a comparison of market shares for ten months. With Peugeot, this market share dropped from 2.0 percent in 2021 to 1.7 percent in 2022, for Opel from 6.2 percent to 5.5 percent. Tesla has now reached a market share of 2 percent and has overtaken the Mini.

The Duisburg Automotive Institute, headed by Ferdinand Dudenhöffer, recently determined that car production is now higher than new registrations. This will reduce the backlog of orders and make price cuts possible again. At management consultant EY, their partner Peter Fuss commented that the order backlog was still high, but that demand would decrease. In the current economic climate, fewer and fewer individuals can afford a new car. “So another tough year is ahead for the auto industry.”