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European car market falls 7.8% in October

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New car sales in the European Union (EU) decreased by 7.8 percent in October, compared to the same month of 2019.

According to the European Automobile Manufacturers Association (ACEA), 953,615 cars were registered in the EU in the tenth month of this year.

“The return of restrictions by several European governments to fight the second wave of the coronavirus pandemic” has led the market to decrease again, says ACEA in a statement.

In the first ten months of the year, the drop in sales in the EU reached 26.8%, corresponding to around 8 million cars, which translates into 2.9 million less cars compared to the same period of 2019 .

Among the main EU markets, Spanish recorded the worst performance in October (-30.9%), followed by Italy (-30.9%), France (-26.9%) and Germany (-23.4%). Portugal fell 12.6%, above the Union average, and the same accumulated in the year (37.1%). In the EU, only Croatia has a greater drop (43.5%).

ACEA, which brings together 16 builders to market in Europe, predicted before the covid-19 pandemic a drop of only 2% in sales this year, after six consecutive years of growth.

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