The Limited Times

Now you can see non-English news...

Automotive: the European market starts to rise again in September

2020-10-16T10:07:00.587Z


The European car market recovered slightly in September, driven by vehicle sales in Italy and Germany, according to figures released on Friday. The number of new passenger car registrations is up 3.1% over one year, to 933,987 units, the Association of European Automobile Manufacturers (ACEA) said in a statement. Read also: Aeronautics, distribution and automotive: three sectors undergoing massiv


The European car market recovered slightly in September, driven by vehicle sales in Italy and Germany, according to figures released on Friday.

The number of new passenger car registrations is up 3.1% over one year, to 933,987 units, the Association of European Automobile Manufacturers (ACEA) said in a statement.

Read also: Aeronautics, distribution and automotive: three sectors undergoing massive restructuring

After collapsing 55.1% in March and then 76.3% in April under the effect of the confinement of populations and the closure of automobile businesses, the European market is struggling to recover from the consequences of the Covid pandemic. 19.

September is the first month on the rise since the start of the crisis, benefiting from government stimulus measures adopted in several major European countries, in contrasting fashion.

Italy (+ 9.5%) and Germany (+ 8.4%) rebound while France (-3%) and Spain (-13.5%) remain down.

The 5th and 6th largest markets in the Union, Poland (+ 8%) and Belgium (+ 1%), are also on the rise.

In the first nine months of the year, only 7.06 million new passenger cars were put on the roads of the European Union, almost 2.7 million less than in 2019 over the same period (- 28.8%).

The ACEA expects a historic drop of 25% in deliveries over the whole year.

Before the pandemic, in January, the organization, which brings together 16 manufacturers active in Europe, forecast a decline of 2% after six consecutive years of growth which had brought the market close to its highest levels.

In the list of manufacturers, the German group Volkswagen (with Skoda, Audi, Seat and Porsche), still undisputed number one in Europe, saw its deliveries increase by 9% in September, driven by good sales from Skoda, Audi and Seat.

Over nine months, its market share increased further by 0.7 points to 25.7%.

It is clearly ahead of its runner-up PSA (Peugeot, Citroën, Opel / Vauxhall, DS) whose market share has fallen by 1.7 points to 15.3% since the start of the year.

The Renault group (with Dacia, Lada and Alpine) completed the European podium with 11.5% (-0.3 point), ahead of the Hyundai groups (7.2%, +0.5 point) and BMW (7%, +0.6 point).

Read also: Renault: Luca de Meo's plan to accelerate in the electric

Among the two French groups, Renault is out of the game in terms of registrations (+ 9.7%) thanks to sales of Dacia (+ 35.4%), while PSA is down 11.8%, with a sharp decline in Opel / Vauxhall.

Source: lefigaro

All business articles on 2020-10-16

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.