Western European car market falls slightly in January

The Western Europe new car (passenger vehicle – PV) selling rate fell slightly to 12 million units/year in January, with 901k vehicle registrations. In YoY terms, January grew 10.7% YoY, helped by a strong growth in Germany along with the other major West European countries. However, relative to pre-pandemic January 2019, the PV market is down almost 19%.