New car sales in Europe continue to decline

New car sales in Europe continue to decline

March 18, 2020 0 By autotimesnews

The volume of sales of new cars in the first two months of this year was the worst in the past few years.

Specialists of the analytics and statistics agency Avtostat shared data on the volume of sales of new cars in February this year. A total of 1,066,794 new cars were sold in the EU countries last month, which is 7.2% worse than in the same period last year. If we talk about the first two months, then official dealers managed to sell 2,220,010 cars (-7.3%).

Experts identify two reasons for this scenario. Firstly, at the beginning of the year, the tax system in some countries of the European Union changed, which is why many bought new cars in December 2019. And in February, the unfavorable economic situation associated with the development of the coronavirus epidemic played its role.

If we talk about brands, the German Volkswagen became the most popular – last month 119,281 cars of this brand were sold on the territory of the European Union.

At the same time, it was Volkswagen that showed the worst dynamics among the leaders – “minus” 9.7%. In second place is the French Peugeot with a result of 75,291 cars sold (-4.9%). TOP-3 closes another representative of the French car industry – Renault. On cars of this brand 73 622 inhabitants of Europe have chosen. The fourth line goes to the premium Mercedes-Benz with a score of 58,775. (-3.8%). And the Japanese Toyota complements the top five most popular brands, whose cars sold 56 210 units. At the same time, it was Toyota that was able to increase its sales – a “plus” of 10.8%.