Registrations increase more than 5% in France in October

The bounce is confirmed. New car registrations in France increased by 5.45% at the annual rate in October in gross data to 124,982 private vehicles, according to data released this Tuesday by the Automotive Platform (PFA).

However, the comparison with 2019 is still cruel with -33.9%… And despite this third consecutive month of growth, the French market for new homes remains cumulatively in the red for the first ten months of the year, still showing a double-digit drop. (-10.3%).

“This third consecutive month of increase seems to at least show that the long market decline caused by the health crisis and then shortages has finally come to an end,” says Julien Billon, managing director of AAA Data.

+26% for Volkswagen

“However, volumes remain at historically low levels. Inflation and shortages are still there, customers are still waiting to transition to electricity and are probably not ready to follow rising car prices. In the second-hand vehicle market, the oldest models are those whose transactions are falling the least, despite the restrictions to come in the EPZs and the desire to renew the fleet.

The registrations of the Stellantis group, in which the Peugeot, Citroën, DS and Opel brands stand out, fell by 4.42% compared to October 2021.

The Renault group (Renault, Dacia and Alpine brands) saw their registrations fall by 5.64% at the annual rate in October.

The German group Volkswagen saw its registrations grow by 26.65% and the Japanese Toyota by 50.63%.

13% of the market for 100% electric models

For the second time, more 100% electric vehicles have been put into circulation than diesel (16,861 electric compared to 16,850 diesel).

In the month as in the first ten months of the year, 100% electric models represent 13% of the market.

A market that continues to be dominated by gasoline cars (38% share in 2022) and hybrids (28% share), despite the continued erosion of the plug-in hybrid segment (-12%).

Although volumes remain modest, alternative energies continue to grow (+59% for a market share of 5%).

Finally, the second-hand car market registered another month of marked decline in October (-3.8%, with 439,421 transactions). The segment of used vehicles less than five years old continues its descent into hell (-25% or 137,266 units). Mechanically hit by the contraction of the new car market, it suffers from a lack of availability of recent equipment.