Photo: ACEA
The final figures for the evolution of the European automotive industry are in for 2020, and – as expected – they spell a double-digit disaster. According to ACEA (the European Automobile Manufacturers Association), passenger car registrations across the European Union slumped in 2020 by 23.7% to 9.9 million units.
There’s an obvious culprit for the extent of the damage – the ongoing health crisis – as last year ACEA registered the worst yearly outcome since it began taking records. That means new passenger car registrations were off by around three million examples compared to the previous year.
According to ACEA, there wasn’t a single market out of the total of 27 countries included in the statistics that did not register a double-digit fall in car sales by the end of 2020. The largest drops were accounted in Spain (-32.3%), Italy (-27.9%), and France (-25.5%).
Germany, by far the largest new car market on the Old Continent, also registered a sharp decline in demand, though, at -19.1%, it was less pronounced than in countries that were more affected by the health and economic crises.
There’s a bit of cautious optimism going forward into 2021, as ACEA reported December sales were almost level with the same period of 2019, with an overall slump of 3.3% on average. This was compounded by some strong gains across several markets (Ireland, Denmark, Lithuania, or Romania) that almost made up for the losses elsewhere.
All the statistical data has been compiled and arranged in a PDF document shared by ACEA and you can find it below, after the break. Meanwhile, CNBC is reporting that last year’s sales in the United States took a smaller nosedive of around 14.8% to 14.5 million vehicles, according to data compiled by Cox Automotive.
Both analysts and industry executives are cautiously optimistic going forward, as consumers showed a continued love for pickup trucks and crossover SUVs. Early forecasts are now touting a possible return to some form of normalcy for 2021, with sales forecasts of 15.5 million to 16 million units.
According to ACEA, there wasn’t a single market out of the total of 27 countries included in the statistics that did not register a double-digit fall in car sales by the end of 2020. The largest drops were accounted in Spain (-32.3%), Italy (-27.9%), and France (-25.5%).
Germany, by far the largest new car market on the Old Continent, also registered a sharp decline in demand, though, at -19.1%, it was less pronounced than in countries that were more affected by the health and economic crises.
There’s a bit of cautious optimism going forward into 2021, as ACEA reported December sales were almost level with the same period of 2019, with an overall slump of 3.3% on average. This was compounded by some strong gains across several markets (Ireland, Denmark, Lithuania, or Romania) that almost made up for the losses elsewhere.
All the statistical data has been compiled and arranged in a PDF document shared by ACEA and you can find it below, after the break. Meanwhile, CNBC is reporting that last year’s sales in the United States took a smaller nosedive of around 14.8% to 14.5 million vehicles, according to data compiled by Cox Automotive.
Both analysts and industry executives are cautiously optimistic going forward, as consumers showed a continued love for pickup trucks and crossover SUVs. Early forecasts are now touting a possible return to some form of normalcy for 2021, with sales forecasts of 15.5 million to 16 million units.
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