Passenger car registrations: -23.7% in 2020; -3.3% in December
Brussels, 19 January 2021 – In December 2020, demand for new passenger cars in the European Union declined by 3.3% to 1,031,070 units.
In December 2020, demand for new passenger cars in the European Union declined by 3.3% to 1,031,070 units. The four largest EU markets, however, recorded very different results. Italy and France both suffered double-digit losses, with car registrations down 14.9% and 11.8% respectively, in the last month of the year. By contrast, Germany posted a solid gain (+9.9%) and Spain’s performance remained stable, as the number of registrations was more or less the same as in December 2019.
Looking at full-year 2020 results, the EU passenger car market contracted by 23.7% to 9.9 million units as a direct result of the COVID-19 pandemic. Indeed, containment measures – including full-scale lockdowns and other restrictions throughout the year – had an unprecedented impact on car sales across the European Union.
2020 saw the biggest yearly drop in car demand since records began, with new-car registrations falling by 3 million units compared to 2019. All 27 EU markets recorded double-digit declines throughout 2020. Among the region’s biggest car markets, Spain posted the sharpest drop (-32.3%), followed closely by Italy (-27.9%) and France (-25.5%), while full-year losses were significant but less pronounced in Germany (-19.1%).
- The European Automobile Manufacturers’ Association (ACEA) represents the 14 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, JLR, Mercedes-Benz, Renault Group, Toyota Motor Europe, Volkswagen Group, and Volvo Group
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/
- Contact: Francesca Piazza, Senior Statistics Manager, firstname.lastname@example.org
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About the EU automobile industry
- 12.9 million Europeans work in the automotive sector
- 8.3% of all manufacturing jobs in the EU
- €392.2 billion in tax revenue for European governments
- €101.9 billion trade surplus for the European Union
- Over 7% of EU GDP generated by the auto industry
- €59.1 billion in R&D spending annually, 31% of EU total