Car Sales In The EU Fell By 18.9% In August
After a relatively small decline in July, EU car sales again showed a significant decline in August. According to the European Automobile Manufacturers Association (ACEA), if in July sales of new cars in the EU decreased by 5.7%, in August — by 18.9% compared to the same period last year.
In July, car sales even showed an increase in 7 of the 27 EU members, while in August, growth was observed only in Cyprus (+14.1%), while in other countries there was a decrease. ACEA noted the largest drop in sales in August among the leading European economies in Germany (-20.1%) and France (-19.8%). The Lowest Is Italy (-0.4%). Among the leading automakers, sales fell the most in August for Renault Group (-24.7%), Volkswagen Group (-24.3%), and PSA Group (-20.8%). At the same time, BMW Group and Hyundai Group sales increased last month-by 6.8% and 1.9%, respectively.
As noted in ACEA, in the first eight months of the year, against the background of the coronavirus pandemic, demand for cars in the EU decreased by 32%, during this period, 6.1 million new cars were registered in the region. Over the eight-month period, car sales fell the most in Spain (-40.6%), Italy (-38.9%), France (-32%) and Germany (-28.8%).