Europe’s new car registrations continue to decline

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Cars
Cars

dpa/GNA – Europe’s new car registrations continued to fall in December, data published by the European Automobile Manufacturers’ Association, or ACEA, showed on Tuesday.

Car registrations were down 3.3 per cent on a yearly basis, but slower than the 12 per cent fall logged in November. Data showed that the four largest EU markets reported very different results.

Sales in Italy declined 14.9 per cent and that in France slid 11.8 per cent. Meanwhile, Germany registered a robust growth of 9.9 per cent and Spain’s sales remained stable.

In the whole year of 2020, the market recorded its biggest yearly drop in demand since records began. EU passenger car market contracted 23.7 per cent to 9.9 million units as a direct result of the Covid-19 pandemic.

All 27 EU markets recorded double-digit declines throughout 2020.

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