January 2023 car market: a highly electric momentum
This page is translated from the original post "Marché auto janvier 2023 : un dynamisme très électrique" in French.
- 01/02/2023 9:00
Upward trend at the start of 2023, the automotive market is driven by electric cars, still ahead of diesel, hybrids, and alternative fuels.
After months of decline, the automotive market is gaining momentum at the beginning of 2023. New car sales have increased this first month, with +9% in January. A total of 111,939 passenger vehicles were sold according to AAA-Data, compared to 102,899 in January 2022. “This positive result is partly due to an extra working day in January 2023,” explains Marie-Laure Nivot, Market Intelligence Manager, “and it should not be forgotten that the comparison base, namely January 2022, was very low.”
Electric surpasses diesel
By powertrain, electric cars are recording a strong year-on-year increase. In January 2023, 14,626 were registered, accounting for 13% of the market, compared to 10% in 2022 and 5.1% in 2021. The new 2023 ecological bonus, still available up to €47,000, and up to €7,000, may have tipped the scales. Hybrid cars are also highly favored, now representing 31% of the French auto market (vs. 30%), including 9% plug-in hybrids, thus nibbling away at the thermal market.
Indeed, diesel plunges sharply (-33%), significantly behind electric vehicles with 12,558 units sold, while gasoline is trying to hold its ground with 43,343 registrations (+12%). Another explanation for the decline in traditional combustion engines is also to be found in alternative fuels, E85 and GPL, which saw models jump 53% to hold 6% of the market (vs. 4.3% in 2022).
| Jan. 23 | Jan. 22 | Change | Market share | |
| Gasoline | 43,343 | 38,746 | +12% | 39% |
| Hybrid | 17,132 | 13,389 | +28% | 15% |
| Electric | 14,649 | 10,219 | +43% | 13% |
| Diesel | 12,558 | 18,856 | -33% | 11% |
| Plug-in Hybrid | 10,300 | 7,934 | +30% | 9% |
| Light Hybrids | 8,893 | 9,749 | -8% | 8% |
| GPL | 4,528 | 2,939 | +54% | 4% |
| E85 | 533 | 1,053 | -49% | 0.5% |
Used car market still suffering
Long decreasing for a prolonged period and with steadily rising prices, the new car market worsened the used car market in 2022. The year 2023 has not started under the best auspices, showing a decline of 7% (411,453 units). AAA data specifies that the most recent used cars (less than 5 years old) are the hardest hit, dropping 11%, compared to only a 3% decline for cars over 10 years old.
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