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Car sales in Europe have fallen by 32 percent
Minus 32 percent. This is the horror story when it comes to car sales in Europe so far this year. In Spain you can only dream of it. However, positive signals are coming from China again.
Car sales in Europe have fallen by 32 percent
The corona crisis has caused sales of new cars to collapse across Europe. In the first eight months of 2020, 6.1 million cars were sold in the EU, 32 percent fewer than in the same period last year. In Austria, the decline was even larger at 33.2 percent to 158,477 cars, as the European manufacturers' association ACEA announced.
Poor Spaniards
But all of that is nothing compared to the slump in new registrations in Spain. Sales there have fallen by 40.6 percent over the course of the year so far (from January to the beginning of September). Italy ranks just behind on the list of the worst markets, with a decline of 38.9 percent. In Germany, new car registrations have fallen by almost 29 percent.
The trend on a monthly basis is also bitter: After there had been some hope in July with Europe-wide sales declines of “only” 5.7 percent that the market could slowly stabilize, the decline in August was significantly greater again at 18.9 percent. However, worse declines have been experienced this year. And positive signals are coming from Asia again: Car sales in China have recently increased significantly, which has particularly pleased the German manufacturers VW, Mercedes and BMW.