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Automobile gross sales plunge 24% in Europe, says vehicle producers group

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Car sales plunge 24% in Europe, says automobile manufacturers group

PARIS: New automobile gross sales in Europe plunged 24% from a yr earlier to a document low in January because the coronavirus pandemic saved the market beneath stress, an business survey confirmed Wednesday.

In 2020, marked by strict lockdowns and financial upheaval, automobile gross sales within the 27-member European Union slumped by some 3.0 million to beneath 10 million, based on the European Car ProducersĀ“ Affiliation (ACEA).

“In January 2021, the EU passenger car market posted an accelerated decline, as COVID-related restrictions continued to weigh heavily on sales across the European Union,” the ACEA stated in a press release.

It stated 726,491 autos had been bought within the month, down from 956,447 in January 2020.

Spain was the worst hit, with a fall of 51.5%, adopted by Germany down 31.1% and Belgium 27.2%.

France fared comparatively higher, with a drop of 5.8% whereas Italy was down 14%.

Sweden managed a rise of twenty-two.5%.

Exterior the EU, gross sales within the UK plummeted 39.5%, the worst efficiency since 1970, the ACEA famous.

By maker, Volkswagen group gross sales tumbled 26.8% in January, with Stellantis — previously Fiat-Peugeot — down 26.1% as Renault misplaced 21.6%.

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