Passenger car registrations: -32.0% eight months into 2020; -5.7% in July and -18.9% in August
Brussels, 17 September 2020 – Over the first eight months of 2020, EU demand for passenger cars contracted by 32.0%. In total, 6,123,852 new cars were registered across the European Union from January to August, almost 2.9 million less than during the same period last year.
In July 2020, registrations of new passenger cars in the European Union1 saw a relatively small decline of 5.7% compared to the same month last year. Seven of the 27 member states posted growth in July, including France (+3.9%) and Spain (+1.1%). Outside the EU perimeter, the United Kingdom (+11.3%), Iceland (+44.5%) and Norway (+6.5%) also showed first signs of recovery.
During the month of August, however, the EU car market posted a stronger decline (-18.9%) again, although less dramatic than earlier in the year. With the exception of Cyprus (+14.1%), all countries in the region recorded losses compared to August 2019. Looking at the four major EU markets, Italy performed best, with a slight drop of 0.4%, while the strongest declines were seen in Germany (-20.0%) and France (-19.8%).
Over the first eight months of 2020, EU demand for passenger cars contracted by 32.0%. In total, 6,123,852 new cars were registered across the European Union from January to August, almost 2.9 million less than during the same period last year. Among the EU’s largest markets, Spain saw the biggest decline (-40.6%) so far this year, followed by Italy (-38.9%), France (-32.0%) and Germany (-28.8%).
1 European Union refers to the new composition with 27 member states (excluding the United Kingdom). For year-on-year comparisons, historical data are recalculated to adjust to the new EU27 perimeter.
- 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
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 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 €74 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.