End of lockdowns: car sales in the EU increased by 87.3%

End of lockdowns: car sales in the EU increased by 87.3%

FineAuto

Sales of new cars in the EU countries (excluding Malta, data for which are not available) in March 2021 increased by 87.3% and amounted to 1,062,446 thousand compared to 567,253 thousand in March 2020, according to the data European Association of Automotive Manufacturers (ACEA). In February, the indicator decreased by 19.3%, in January – by 24%.

This increase is due to the very low baseline of comparison caused by the introduction of measures to contain the COVID-19 pandemic in March 2020.

In the 1st quarter, car registrations in the European Union grew by 3.2%, amounting to 2.560 million.

ACEA indicates that three-digit gains were recorded in three of the four largest EU markets. In Italy, sales grew by 497.2% (or 6 times), in France, sales increased by 191.7%, in Spain – by 128%. The German market showed an increase of 35.9%.

A decrease in sales was recorded only in the Netherlands – by 18%.

New car registrations in Europe (EU countries plus Iceland, Norway, Switzerland and the UK, which left the European Union on January 31, 2020) increased 62.7% last month to 1.388 million.

Stellantis (PSA Group and FCA Group) showed the most significant growth in sales in March in the EU – by 177.4%, or almost three times.

Sales of VW Group cars increased by 62.9%, Renault Group – by 84.7%.

Japanese Toyota’s sales increased by 80.9%, Honda – by 21.4%, Nissan – by 77.5%, Mazda – by 85%.

Korean Hyundai increased sales by 69%, American Ford – by 91.7%. Daimler’s sales were up 3.6%. Jaguar Land Rover Group increased sales by 60.5%. Sales of cars of the German concern BMW grew by 62.5%.

At the same time, Mitsubishi reduced sales by 17%.

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