Connected Car
Big five European used-car markets fell twice as far as new-car registrations in 2022Read next European new-car market endures anticipated January paybackRead next Why carmakers are pushing into electric-vehicle chargingIn 2022, the volume of used-car transactions weakened more than new-car registrations in four of the big five European markets, explains Autovista24 senior data journalist Neil King. The exception was Italy, where new-car registrations contracted more than used-car transactions last year. Nevertheless, the big five European used-car markets averaged a 9.9% decline, which was more than double the 4.8% average downturn in the new-car markets – exactly as Autovista Group predicted. However, in addition to ongoing new-car supply challenges, the COVID-19 pandemic significantly derailed the European new-car market from March 2020 onwards. Meanwhile, new-car registrations in Italy endured the greatest decline among the big five European markets last year.