The car market in Europe still has not recovered

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The car market in Europe still has not recovered

As reported by Ukrautoprom, in may 2020, the European passenger car market experienced another sharp decline in the number of registrations fell by 52.3%. Although quarantine measures caused by COVID-19, has been weakened in many countries in the past month, the number of new passenger vehicles sold throughout the European Union decreased from 1 217 259 units in may 2019 up to 161 581 units in may this year.

Double-digit declines were registered in each of the 27 EU markets last month, though the percentage decline was less significant than in April. In Spain have seen the largest decline among the four major European markets (-72,7%), while sales fell by about half in France (-50,3%), Italy (-49,6%) and Germany (-49,5%).

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The first place among countries in the number of registrations of new cars retained the Germany – 168 148 cars.

In second place is Italy, where in may it was 99 711 cars.

Completes the leadership Troika of France, where it was sold 96 310 new cars.

As for European manufacturers, the first line has traditionally been VW Group, which within one month has sold in the EU 145 of 195 cars, while the drop was -52,4% compared to may.

In the second place PSA Group with a score of 91 sold 146 cars, which -56,4% less than a year ago.

And the third result from the RENAULT Group – 69 230 PCs (fall -52,5%)

In the first five months 2020 EU demand for new passenger cars decreased by 41.5% after three months of unprecedented decline across the region. This year the number of registered cars decreased by 54.2% in Spain, 50.4% in Italy and 48.5% in France. The reduction of the German market was less serious check declined 35.0%.

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For reference: As explained by ACEA, this year in the statistical report, the term EU refers to 27 member States (without the UK). This composition will be used for annual comparisons, in this connection the data will be resampled to adjust to the new format of the EU27.

According to the materials of ACEA

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