Despite a slowdown in the decline, the French auto market still contracted by 7.1% in July 2022, the fourteenth consecutive month of decline. With 879,597 registrations since January, the million may not be reached before September compared to July 2021.
Since June 2021, the French car market has relentlessly followed the same downward trend, as the shortage of semiconductors continues to hamper manufacturers’ production, the price of cars suffers from inflation and drivers seem lost in the face of new types of engines. According to data provided by NGC Data®, passenger car registrations were down a further 7.1% in July 2022 to 107,551 units. This is the second lowest monthly volume after January (102,901 units).
Although the downtrend is slowing, this is the fourteenth consecutive month in the red. In the first seven months of the year, the market therefore presents 879,597 registrations, that is, -15.3% compared to the 1,038,478 units registered at the end of July 2021. If the trend continues in August, a traditionally calm month , since many French people are on vacation, the million-unit mark, therefore, should not be crossed before September, that is, two months after last year.
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%)
- June: 171,112 (-14.2%)
- July: 107,551 (-7.1%)
Peugeot ahead of Renault, Citroën battles with Dacia
In July alone, Peugeot ended up as the leader with 17,539 units, or 16.3% of the market, despite a drop of 16.7%. In second place with 15,149 units, despite its trend of +14.4%, Renault captured a market share of 14.1%. With a drop of 7.6%, Citroën (9,480 units) finished on the podium in extremis against Dacia (9,438 units, +4.9%). Among the other leading players, Toyota (5and with 7,772 units) was down 9.6% while Volkswagen was down 25.1% to 6,581 units. On the contrary, Hyundai (+20.9% with 4,742 units) and Fiat (+35% with 3,551 units) had a good month. Behind, Kia (-2.5% with 3,481 units) and Mercedes (-8.6% with 3,414 units) finished neck to neck, as did Audi (-16.9% with 3,182 units) and BMW (-1.9 % with 3,149 units).
In smaller volumes, Note the good monthly performance of MG (+23.9%, 451 units) and Cupra (+15.4%, 442 units), while Alfa Romeo (+181.3% with 256 units) took advantage of the Tonale to finish in the top 30 ahead of Alpine (+50.3% with 224 units). On the contrary, Seat, Suzuki, Jeep and Mazda had a more difficult month of July with a trend between -48.8% and -58.5%.
Dacia, Hyundai and Kia on the Rise
With 879,597 registrations between January and July 2022, the French car market dropped 15.3% compared to the end of July 2021. But the comparison with previous years hurts: – 1.7% compared to 894,835 units in 2020, despite being marked by a two-month confinement, but above all – 34.3% compared to 2019 (1,338,728 units) and – 35.5% compared to 2018 (1,363,574 units). The weight of the three general French brands continues to decline, as they now represent only 41.6% of the market.
Peugeot remains in the lead – a little – with 145,754 units (-21.2%) ahead of Renault (142,188 units, -14.1%), while Citroën (77,125 units, -23.5%) still resists the Dacia (74,130 units, +3). %). Within the top 20, only Hyundai (7th with 28,741 units, i.e. +6.6%) and Kia (11th with 26,412 units, i.e. +2.5%) brands are making progress, while Seat plummets -52 , 6% with 9,141 units.