Passenger car registrations: -38.1% first half of 2020; -22.3% in June
Brussels, 16 July 2020 – In June 2020, registrations of new passenger cars in the EU totalled 949,722 units, a drop of 22.3% compared to the same month last year, when 1,222,942 cars were sold.
In June 2020, registrations of new passenger cars in the EU1 totalled 949,722 units, a drop of 22.3% compared to the same month last year, when 1,222,942 cars were sold. However, this does mark a slight improvement over May 2020, which saw a drop of 52.3% across the European Union. Although dealerships opened for business again after lockdown measures were lifted, consumer demand did not fully recover last month.
All EU markets continued to post significant declines in June, with France (+1.2%) being the only exception to the rule. The latter can be explained by the new incentives2 to stimulate sales of low-emission vehicles that were introduced by the French government at the beginning of June. Looking at the other major car markets, Spain (-36.7%), Germany (-32.3%) and Italy (-23.1%) all recorded double-digit drops last month.
Over the first half of 2020, EU demand for new passenger cars contracted by 38.1%, the result of four consecutive months of unprecedented declines across the region. Among the four major EU markets, Spain saw the biggest decline (-50.9%) so far this year, followed by Italy (-46.1%), France (-38.6%) and Germany (-34.5%).
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.