New Passenger Car Registrations European Union1 in October'2020
Passenger car registrations: 26.8% 10 months into 2020; ‐7.8% in October
We present the ACEA report on registration of new passenger cars in the EU*
In October 2020
, the EU passenger car market slipped back into negative territory, after posting the first increase of the year in September. Registrations of new cars declined by 7.8% to 953,616 units last month, as several European governments reimposed restrictions to battle a second wave of the coronavirus. With the exception of Ireland and Romania, losses were posted in all EU markets, including the four major ones. Demand fell markedly in Spain (‐21%) while more moderate decreases were observed in France (‐9.5%) and Germany (‐3.6%). In Italy, on the other hand, demand remained almost unchanged (‐0.2%) compared to October 2019 levels.
From January to October,
new‐car registrations fell by 26.8% in the European Union. Ten monthsinto the year the impact of COVID‐19 on car demand remains unprecedented. Indeed, across the EU some 8 million passenger cars were registered from January to October, which translates into a decline of more than 2.9 million units compared to the same period last year. Looking at the major
EU markets, Spain saw the steepest drop (‐36.8%) so far this year, followed by Italy (‐30.9%), France (‐26.9%) and Germany (‐23.4%).
