The market of the EU: the future with optimism

FineAuto
The market of the EU: the future with optimism

In April 2020, registration of new passenger cars in the European Union in annual terms, decreased by 76.3%. The first full month with the introduction of restrictions caused by COVID-19, resulted in the strongest month-on-month drop in demand for cars since the beginning of statistics. Since most of the showrooms across the EU were closed for the entire month, the number of new cars sold declined from 1 143 046 units in April 2019 up to 270 682 units last month, according to Ukrautoprom.

Each of the 27 EU markets in April, there were double-digit declines, but Italy and Spain suffered the greatest losses: the number of registered cars fell by 97.6% and 96.5%, respectively. If you look at other major markets, demand in Germany fell by 61.1 per cent, while in France in April, there was a decline of 88.8%.

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The first place among countries in the number of registrations of new cars retained the Germany – 120 840 cars.

In second place is France, where in April, there were 20 997 cars.

Leadership closes the top three Sweden, where it was sold 18 916 new cars.

As for European manufacturers, the first line has traditionally been VW Group, which within one month has sold in the EU 77 862 cars, while the fall was 72.7% compared to April.

In the second place PSA Group with a score of 36 718 sold cars, which is 81.2% less than a year ago.

And the third result from the RENAULT Group – 27 740 PCs (down 79%)

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In the period from January to April 2020, the EU demand for new passenger cars decreased by 38.5% due to the negative impact of coronavirus on the results of March and April. Three of the four key EU markets register almost halved: Italy -50,7%, Spain -48,9% and France -48,0%. In Germany demand decreased by 31.0% in the first four months 2020.

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.

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