New car registrations plummeted in April, as did the second-hand market

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In April 2022, new car registrations fell to 108,733 from 140,426 in April 2021, a drop of 22.6%. Even the second-hand market is engaged, for the fifth consecutive month, on a steep downward slope.

MG is one of the few manufacturers to have a smile on a declining new car market for the eleventh consecutive month. © Erick Fontaine / Digital

The French car market continues to plummet, the eleventh in a row since June 2021. In April 2022 (20 working days), new passenger car registrations were 108,733, a drop of 22.6 % with respect to April 2021 (21 working days), and even 42.22. % with respect to April 2019, year of reference, since it preceded the sanitary crisis.

Whether analysts at NGC-Data or AAA Data, providers of record figures each month, are unanimous on the reasons for this umpteenth drop, which are more or less the same from month to month. Semiconductor shortages continue to penalize production lines and, in fact, lengthen vehicle deliveries. But this is not all. Falling purchasing power, rising fuel prices, the Ukrainian war and the political situation in France are obstacles to buying a new vehicle.

@ NGC-Data

As a result, during the first four months of 2022 (84 working days), only 474,115 new vehicles passed. This corresponds to a decrease of 18.57% compared to 2021 (the same number of working days) and 36.07% compared to 2019, in the same period.

As for the manufacturer, the figures are not very encouraging. Let’s start with the French brands, whose monthly sales – compared to April 2021 – have collapsed: -33.94% for Citroën, -32.26% for Peugeot and -31.77% for Renault.

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Foreign brands are also not immune to this bleeding. Thus, the German manufacturers take the broth: -31.19%, -30.94%, -28.48% and -18.63% respectively for Volkswagen, Audi, Mercedes and BMW. Even Porsche is no exception, with a 35.23% drop.

The other brands affected are Toyota (-20.38%), Hyundai (-8.43%), Volvo (-50.12%), Jaguar (-72.20%), Land Rover (-43%), Mazda (-30.10%) and Suzuki (-30.10%). -24.56%).

Nissan finds colors and can calmly prepare for the arrival of the Ariya.  © Erick Fontaine / Digital

Nissan finds colors and can calmly prepare for the arrival of the Ariya. © Erick Fontaine / Digital

But rest assured, there are manufacturers that smile like DS (+ 1.03%), Dacia (+ 6.54%), Alpine (+ 158.9%), Cupra (+ 161.96%), Ford (+ 10.88%), Nissan (+ 47.84%), Kia (+ 9.09%), Mitsubishi (+ 158%), Honda (+ 19.85%) and MG (+ 1042.11%) .

It should be noted that this decrease also affects motorcycles (-12.5%) and, more surprisingly, cars without a license (-27%), such as the Citroën AMI.

Fifth month of descent for the occasion

Unfortunately, this decline is not just affecting the new market. The opportunity “also participates – for the fifth consecutive month – in the same slope down to -16.9% in April with 434,730 transactions.“(source: AAA Data).

The fault lies with the lack of vehicles, the consequence of which is to drive up prices. As Marie-Laure Nivot, AAA Market Intelligence Market Manager, points out, “we see very clearly that customers are looking for more affordable and cheaper second-hand models to use, in particular electric, hybrid or bioethanol models.“.

The gradual introduction of ZFE-m by certain municipalities, which excludes Crit’Air 4, Crit’Air 5 stickers and ineligible vehicles, makes the French look for hybrid engines (Crit’Air 1 and 2) and bioethanol ( Crit’Air 1, 2 or 3). Moreover, it is the Crit’Air 0 used electric vehicles, which benefit from an ecological bonus of 1000 euros, which “on the other hand, they show an almost doubling of transactions throughout the month as of the beginning of the year“.

When it comes to predicting the future, analysts are not taking any chances. They all refer to a situation that cannot change before 2023-2024.

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