The European car market is on the rise again in September

Paris | 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% year-on-year to 933,987 units, the Association of European Automobile Manufacturers (ACEA) said in a statement.

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).

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

About Victoria Smith

Victoria Smith who hails from Toronto, Canada currently runs this news portofolio who completed Masters in Political science from University of Toronto. She started her career with BBC then relocated to TorontoStar as senior political reporter. She is caring and hardworking.

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