Sales Of New Cars In Europe Increased In September

Sales Of New Cars In Europe Increased In September

Sales of new cars in Europe increased in September, for the first time this year. This is a sign of recovery in some European markets after the first wave of the new coronavirus pandemic. The European Automobile Manufacturers Association (ACEA) informed about it on Friday.

Recovery in Italy and Germany

According to ACEA, new car registrations in the European Union (EU) rose 3.1 percent year on year to 933,987 in September. In the EU, Britain and European Free Trade Association (EFTA) countries, it rose by 1.1 percent to 1.3 million vehicles. However, major European markets have shown mixed results. While Spain saw a year-on-year decline in new car sales of 13.5 percent and France of 3 percent in September, registrations rose 9.5 percent in Italy and 8.4 percent in Germany. In Britain, the number of cars sold fell in September.

EU sales have fallen sharply this year

In the nine months to the end of September, demand for new cars in the EU fell by 28.8 percent. In total, almost 7 million cars were registered in the EU during this period. In the EU, Britain and EFTA, car sales fell by 29.3 percent. This shows that COVID-19 still has a major impact on the car market in Europe, the association said. Statistics also showed that the Volkswagen Group saw a 14.4 percent increase in sales and Renault an 8.1 percent increase in September, while the PSA Group saw a 14.1 percent drop in demand. Luxury brands posted losses in September, with BMW sales in Europe down 11.9 percent and rival Daimler down 7.7 percent.