New registrations on the EU car market continue to collapse – new corona restrictions | 12/17/20


Tighter measures in the wake of the second Corona wave in several European countries have caused new registrations on the EU car market to collapse further. In November, the number of newly registered cars in the European Union fell by 12 percent to 897,692 vehicles compared to the same month last year, as the European industry association Acea announced on Thursday in Brussels. The decline in Germany was comparatively moderate with a minus of 3 percent.

The other major European markets were hit harder: In Spain, new registrations fell by 18.7 percent compared to the previous year, and in France by more than a quarter. On the Italian car market, there was a minus of 8.3 percent.

Daimler (Daimler) had to accept a minus of 15 percent in new registrations in the European Union in November, making the Stuttgart-based company the worst among German carmakers. At VW (Volkswagen (VW) vz) the minus was 13 percent, at BMW it was minus 6.4 percent. The Opel parent company PSA (Peugeot) and Renault also recorded significant losses, as did all other larger car companies.

After eleven months, the number of new EU registrations this year is around 8.9 million cars, a good quarter below the previous year’s figure. Only in September was there an increase in registrations, in all other months of the year the numbers were in some cases considerably lower. The lockdown month of April set the previous negative record with a drop in new registrations of 76.3 percent compared to the previous year.

/ niw / eas / mis


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