EU new car sales drop 32% in eight months

EU new car sales drop 32% in eight months

September 17, 2020 0 By autotimesnews

According to the European Association of Automobile Manufacturers, in the period from January to August this year, a little more than 6.1 million new passenger cars were registered in Europe.

During this period, sales of new passenger cars in the countries of the European Union decreased by 32% compared to the first 8 months of 2019. Such data are provided by experts from the European Association of Automobile Manufacturers (ACEA).

The report said there were just over 6.1 million new passenger vehicles registered in eight months, down nearly 2.9 million from the same period last year. Most of all, the demand for new cars decreased in Spain (-44%). Italy, France and Germany are also not far behind it – by 38.9, 32 and 28.8%, respectively.

At the same time, over the past 2 months, sales figures do not fall as much as they did at the beginning of the year: in July, on the markets of seven of the 27 EU countries, an increase in demand for cars was noted, and the total volume of registered cars, compared to July last year, decreased only by 5.7%. In August, the number of new cars registered in the EU decreased by 18.9%, of the major European markets, only Italy was able to approach last year’s figures (-0.4%), in Germany and France, sales fell by one-fifth.

BMW and Kia were the only automakers to see sales gains in Europe in August, as their total car sales fell 18%. Europe’s largest automaker, Volkswagen Group, saw sales plummet 24%, Seat by 33%, Audi by 28%, Volkswagen brand by 25%, Porsche by 16%, and Skoda by 14%. Sales of the second-largest PSA Group fell 19%. Among PSA brands, Opel was the worst performer, with registrations dropping 37%. DS sales fell 17%, Citroen 14% and Peugeot 6.4%

Surprisingly weak August sales are a stumbling block in the path of automakers to recover from the pandemic, suggesting that the industry faces an even worse year than expected. In July, the number of new passenger car registrations fell by 3.7%. In June, they fell 24%, and in May, sales fell 57%.