In September 2020, the EU passenger car market registered the first increase of the year, according to data issued by ACEA.
It said new car registrations grew by 3.1% last month to reach 933,987 new cars sold across the European Union.
Go deeper with GlobalData
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. Indeed, 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%).
A regional tally produced by LMC Automotive for Western Europe’s car sales in September showed the market down, but that included the UK market (-4.4% in September).
See also: West European car market shows sluggish trend in Sept
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
