Finland 2022. Car Market Closes 16.2% Lower Than The Previous Year

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The 2022 Mercedes-Benz C Class
The 2022 Mercedes-Benz C Class

Finnish cars market in 2022 totals 80,061 sales, a 16.2% decrease compared to the prior year. December confirms the downtrend, reporting the 3rd consecutive fall with 6,129 new registrations (-4.2%).

Market Trend and Outlook

The Finnish Car Market in 2022 totals 80,061 sales, a 16.2% decrease compared to the prior year. December confirms the downtrend, reporting the 3rd consecutive fall with 6,129 new registrations (-4.2%).

Looking at cumulative data from 2022 brand-wise, the leader remains Toyota with 14,464 sales (+1.0%), followed by Volkswagen with 7,122 (-29.3%), Kia -up 1 spot- at 6,902 sales (-13.9%) and Skoda -down 1 spot- with 6,754 sales (-21.0%).

5th and 6th position remained unchanged, respectively held by Volvo with 6,703 (-13.8%) and Mercedes with 5,105 sales (-9.5%). While BMW jumps a spot into 7th with 4,894 sales (+2.3%) overtaking Ford with 3,440 sales (-33.8%).

Nissan jumps 2 spots into 9th position with 2,937 sales (-9.4%), pushing Audi down to 10th with 2,732 new car registrations (-27.7%).

Medium-Term Market Trend

The Finnish car market has remained quite stable in the passed decade with a main exception in the last 3 years. In fact after a 14.6% growth in 2011 the market remained between a low of 99,832 in 2013 and a peak of 116,743 in 2018 until the arrival of the pandemic.

In March 2020 the Covid-virus arrived in Europe causing many economies to shut down temporarily. The Finnish market suffered a 15.3% loss reaching 93,103 sales  by the end of 2020, the lowest levels of the decade.

2021 presented a year of recovery slight recovery from the fall and sales remained nearly unvaried compared to the previous year. While 2022 is projecting a -11.2% by the end of the year, with sales having fallen in most months.

A combination of factors are behind the current industry struggle: the disruption in the global supply chain caused by a lack of raw materials, in particular for the production of microchips and Governments push towards Evs, with Scandinavian countries being ahead of this wave.

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturer Groups, and top 10 Models.

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