In September 2020, the European Union passenger car market registered the first increase of the year. There was a 3.1% rise in registrations during the month to reach 933,987 new cars sold across the EU, based on a report by the ACEA (European Automobile Manufacturer’s Association).
Italy saw growth of 9.5% in new car registrations and Germany saw an 8.4% rise, while Spain saw new car registrations fall by 13.5% during September 2020 and France also saw a decrease, with new car registrations down 3% year-on-year.
During the January to September 2020 period, auto demand shrank by 28.8% in the EU, at 7 million units, compared to the same period in 2019.
Despite the relatively robust results seen in September, the coronavirus crisis still had a strong impact on the cumulative performance of the EU car market. Among the major markets, Spain saw the steepest fall at 38.3% so far this year, followed by Italy, down by 34.2%, France, falling by 28.9% and Germany, falling by 25.5%.