Money Buzz! Europa

Tag: Passenger car registrations europe

  • EU passenger car market registered the first increase of the year in September

    EU passenger car market registered the first increase of the year in September

    In September 2020, the EU passenger car market registered the first increase of the year. Registrations grew by 3.1% last month to reach 933,987 new cars sold across the European Union.

    The four largest markets, however, posted mixed results. Losses were seen in Spain (-13.5%) and France (-3.0%), while Italy (+9.5%) and Germany (+8.4%) showed solid gains.

    Over the first nine months of 2020, demand for cars contracted by 28.8% in the EU. Seven million units were registered from January to September, almost 2.9 million less than during the same period last year.

    Despite last month’s positive results, the impact of COVID-19 still weighs heavily on the cumulative performance of the EU car market.

    Among the major markets, Spain saw the steepest drop (-38.3%) so far this year, followed by Italy (-34.2%), France (-28.9%) and Germany (-25.5%).

  • Passenger car registrations in Europe: -32% in the first eight months

    Passenger car registrations in Europe: -32% in the first eight months

    Over the first eight months of 2020, EU demand for passenger cars contracted by 32.0%. In total, 6.123.852 new cars were registered across the European Union from January to August, almost 2.9 million less than during the same period last year.

    In total, 6,123,852 new cars were registered across the European Union from January to August, almost 2.9 million less than during the same period last year.

    Among the EU’s largest markets, Spain saw the biggest decline (-40.6%) so far this year, followed by Italy (-38.9%), France (-32.0%) and Germany (-28.8%).

    During the month of August the EU car market posted a stronger decline (-18.9%) again, although less dramatic than earlier in the year.

    With the exception of Cyprus (+14.1%), all countries in the region recorded losses compared to August 2019.

    Looking at the four major EU markets, Italy performed best, with a slight drop of 0.4%, while the strongest declines were seen in Germany (-20.0%) and France (-19.8%).

    Data was provided by The European Automobile Manufacturers’ Association (ACEA).