Business

Europe 2020 auto sales post record fall as virus hits

Passenger car market contract 23.7% to 9.9 million vehicles as a direct result of pandemic

Updated 5 years ago · Published on 19 Jan 2021 4:30PM

Europe 2020 auto sales post record fall as virus hits
Last year saw the biggest yearly drop in car demand since records began in 1990, with all 27 EU markets recording double-digit declines. – Pixabay pic, January 19, 2021

PARIS – New car sales in Europe last year suffered a record fall of nearly 24% due to the coronavirus pandemic, the European Automobile Manufacturers' Association (ACEA) said today.

"The EU passenger car market contracted by 23.7% to 9.9 million vehicles as a direct result of the Covid-19 pandemic," the ACEA said in a statement.

"Containment measures – including full-scale lockdowns and other restrictions throughout the year – had an unprecedented impact on car sales across the European Union," it said.

"(The year) 2020 saw the biggest yearly drop in car demand since records began (in 1990)... all 27 EU markets recorded double-digit declines," it added.

The ACEA said that among the biggest auto markets, Spain recorded the sharpest fall at 32.3% for the year, with Italy down 27.9% and France 25.5%.

Germany, the bloc's strongest economy, dropped 19.1%.

For last month alone, EU car sales were down 3.3% at just over one million vehicles. – AFP, January 19, 2021

Related News

Malaysia / 1mth

Tourism industry needs to shift to EVs systemically – MATTA

Malaysia / 1mth

NS crisis: Umno-BN Excos told to vacate offices, return official vehicles today

Malaysia / 2mth

Heatwave: Public advised to limit outdoor time, stay hydrated - MOH

Malaysia / 2mth

New hire purchase rules to benefit borrowers, minimal impact on banks

Malaysia / 6mth

Hatyai floods: Over 1,000 Malaysian vehicles stranded, submerged in hotel underground parking

Malaysia / 6mth

Four cars burnt at shopping centre car park in Ipoh

Spotlight

Malaysia

Bersatu-PH tie-up a possibility as coalition seeks Malay support, analyst says

By Alfian Z.M. Tahir

Malaysia

Woman molested on her way home from work (video)

Malaysia

Court allows Daim's daughter to permanently keep passport

Malaysia

Santiago pokes holes in data centre hype, asks: Who really benefits?

By Alfian Z.M. Tahir

Malaysia

Jeweller vows to pursue Rosmah until ‘every penny’ is recovered as RM67.5m battle enters enforcement phase

Malaysia

Ambulance carrying two injured men crashes en route to hospital after MPV collision in Besut

Malaysia

Man blames 'lack of love' for sexual assault on teens

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Malaysia

Missing jewellery: Rosmah ordered to pay RM67.5 million

You may be interested

Business

BNM's OPR to stay at 2.75 pcent in 2026 amid strong domestic demand - Kenanga IB

Business

Ringgit holds firm despite US inflation shock as markets brace for Federal Reserve decision

Business

Open fibre sues Bank Pembangunan, six others in RM2b claim over Aries telecoms liquidation

Business

AI should support human thinking, not replace it - MDEC CEO

Business

Ringgit holds firm against major currencies as markets await key US inflation data

Business

Kami Builders secure RM300 million ASEAN sustainability sukuk, channels Islamic capital into QIU campus development

Business

Unemployment rate rises to 3.0 per cent in April 2026 - DOSM