EU passenger car registrations up 12.8% in December

In December, new car registrations in the EU expanded by 12.8%, marking the fifth consecutive month of growth this year, said the European Automobile Manufacturers Association. Despite this positive result, only two of the region’s four major markets recorded growth. "The German and Italian car markets had an extremely strong end to 2022, posting double-digit increases of 38.1% and 21.0% respectively. Spain, on the other hand, suffered a substantial decline, whereas France remained stable," the group said. Publicly traded automakers include Ford (F), General Motors (GM), Honda (HMC), Mercedes-Benz Group (DDAIF), Nissan (NSANY), Stellantis (STLA), Tesla (TSLA), Toyota (TM) and Volkswagen (VWAGY).