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).