In May, new car sales down sharply, even at Tesla

In May, passenger car sales fell by more than 10% compared to May 2021. Since January, the decline has reached almost 17%. No manufacturer escapes this crisis. Even Tesla, which is down more than 90%.

Crossfire on new car sales. Between declining purchasing power, rising fuel prices, shortage of components and concerns caused by the conflict in Ukraine, sales of passenger cars fell again in May and for the 12th consecutive month according to figures published on Wednesday by the Platform automobile.

“It is hard to see how we could take back the vehicles lost in the second half,” said François Roudier, spokesman for the Automotive Platform. The year 2022 could turn out to be worse than the year 2020, half paralyzed by the Covid-19.

The drop reached 10.09% between 2021 and 2022, i.e. 126,813 new vehicles sold last month compared to 140,040 in May 2021. Over the first five months of the year, the decline was brutal with -16.92%, i.e. 600,897 vehicles new sold in France.

“The shortage of semi-conductors which affects the world economy is to be blamed for the delays in delivery when the order books of the manufacturers are full. The increase in the cost of raw materials also leaves difficulties to know at what cost we are going produce”, explains to BFM Business François Roudier.

Tesla down, Hyundai-Kia up

At the top of the sales, Stellantis which shows a decline of 9.82% with 40,034 cars sold against 44,393 in May 2021. Since the month of January, the manufacturer’s sales have fallen by 22.15% Renault is doing better but remains down with -7.48% fewer sales (32,957 in May 2022 compared to 35,623 in May 2021). Over the first 5 months of the year, the diamond manufacturer fell by 15.45%.

In third place, the German Volkswagen is hard hit by the crisis. In May 2022, its sales collapsed by 29.35% with 15,956 cars sold when it sold 22,585 a year earlier. Between January and May 2022, it lost 22.12% (77,069 in May 2022 against 98,956 in May 2021).

But the heaviest drop in the 5th month of the year is for the American Tesla, which sold only 152 vehicles in May 2022 compared to 2,111 in May 2021, a drop of 92.80%. On the other hand, Elon Musk’s company has been doing quite well since January 2022 with an increase of 7.64% in 5 months (152 in 2022 against 2111 in 2021). This increase remains a real performance in view of a hard-hit market.

This context mainly benefits hybrid and rechargeable hybrid engines, which represent 28.6% of sales over the first five months of the year, and electric vehicles (11.9%).

On the other hand, the Korean Hyundai-Kia is still an exception, with sales up 23% over the month, and 7.70% since the start of 2022.

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