Passenger car registrations: -24.0% in January 2021
Brussels, 17 February 2021 – In January 2021, new car registrations tumbled by 24.0% from 956,447 units in January 2020 to 726,491 units this year, marking the lowest January total on record to date.
In January 2021, the EU passenger car market posted an accelerated decline, as COVID-related restrictions continued to weigh heavily on sales across the European Union. In addition, many markets also had one business day less than in January 2020. This negative calendar effect clearly also had an impact on last month’s registrations. As a result, new car registrations tumbled by 24.0% from 956,447 units in January 2020 to 726,491 units this year, marking the lowest January total on record to date.
Nearly all 27 EU markets suffered double-digit losses last month, including three of the four major ones: Spain was the hardest-hit (-51.5%), followed by Germany (-31.1%) and Italy (-14.0%). With a slight drop of 5.8%, France was the best performing major market. In fact, Sweden (+22.5%) and France were the only EU countries that did not post double-digit drops in January.
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, 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, Statistics Manager, email@example.com.
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About the EU automobile industry
- 12.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.6% of all EU jobs.
- 11.6% of EU manufacturing jobs – some 3.5 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €76.3 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.