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- New car registrations in the European Union fell in November 2020
New car registrations in the European Union fell in November 2020
According to the report from European Automobile Manufacturers Association (ACEA), in November 2020, new car registrations in the European Union fell by 12.0% to 897,692 units, as several European governments introduced new measures to contain the second wave of the COVID‑19 pandemic. As a result, the EU’s four key passenger car markets all posted declines last month. France and Spain suffered double-digit drops (down 27.0% and 18.7% respectively), followed by Italy with a more modest decline (-8.3%). German losses were limited to just -3.0%.
From January to November, the EU passenger car market contracted by 25.5% to roughly 9 million units. This is a decline of more than 3 million units compared to the same period one year ago. Eleven months into the year, the impact of COVID-19 continued to weigh heavily on the cumulative performance of all EU markets, including the four major ones. Spain saw the biggest drop (-35.3%) so far in 2020, followed by Italy (-29.0%), France (-26.9%) and Germany (-21.6%).
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