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Tuesday, 19 May 2020

Passenger car registrations in the EU: -76.3% in April, -38.5% in four months

After a full month of lockdown, demand for new passenger cars in EU posted in April the strongest decline ever, dropping by 76.3%, with only 270,682 units sold (compared to 1,143,046 of 2019).

All main national markets showed unprecedented losses: Italy -97.6% (with 4,279 registrations, over 170 thousand less compared to one year ago); Spain -96.5%; France -88.8%; Germany -61.1%.

Four months into the year, European passenger car registrations contracted by 38.5%, as a consequence of the last two months restrictions. Among the biggest markets, Italy posted the worse performance falling by 50.7% (with 351,611 units overall, compared to the over 700 thousand of the same period last year), followed by Spain (-48.9%), France (-48.0%) and Germany (-31.0%).

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