Passenger car registrations: -25.5% 11 months into 2020; -12.0% in November
Brussels, 17 December 2020 – In November 2020, new car registrations in the European Union fell by 12.0% to 897,692 units, as several European governments introduced new measures to contain the second wave of the COVID‑19 pandemic.
In November 2020, new car registrations in the European Union fell by 12.0% to 897,692 units, as several European governments introduced new measures to contain the second wave of the COVID‑19 pandemic. As a result, the EU’s four key passenger car markets all posted declines last month. France and Spain suffered double-digit drops (down 27.0% and 18.7% respectively), followed by Italy with a more modest decline (-8.3%). German losses were limited to just -3.0%.
From January to November, the EU passenger car market contracted by 25.5% to roughly 9 million units. This is a decline of more than 3 million units compared to the same period one year ago. Eleven months into the year, the impact of COVID-19 continued to weigh heavily on the cumulative performance of all EU markets, including the four major ones. Spain saw the biggest drop (-35.3%) so far in 2020, followed by Italy (-29.0%), France (-26.9%) and Germany (-21.6%).
- 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.