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Wednesday, 17 March 2021

European passenger car market: -19.3% in February, -21.7% in two months

Demand for new passenger cars in Europe kept contracting in February (-19.3%), with 771,486 units sold overall. Considering the month of February, this is the worst result recorded in eight years.

Looking at the biggest national markets, Spain posted the greatest loss (-38.4%), followed by France (-20.9%), Germany (-19.0%) and Italy (-12.3%, with 142,998 registrations, over 20 thousand less than one year ago).

In the first two months of 2021, passenger car registrations in the EU declined by 21.7%, totaling 1,498,116 units (414.761 less than in 2020). Among the main national markets, Italy was the least affected (-13.1%, with 277,145 cars registered, nearly 42 thousand less than in the same period last year), followed by France (-14.2%), while Germany and Spain posted sharper drops (respectively -25.1% and -44.6%).

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