EU Passenger Car Registrations Decline in January 2020

AutoInfprmed.com on EU Sales SlumpDuring January 2020, the EU passenger car market contracted by 7.5% to 956,779 units. ACEA claims that major taxation changes announced by some EU member states for 2020 pulled registrations forward into December 2019, explaining the January drop. Ford, Renault and Mazda are all struggling.

Other contributing factors included weakening global economic conditions and uncertainty caused by the UK’s departure from the European Union.

AugtoInformed.com on EU Sales Slump

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As a result, demand for new passenger cars in the four major EU markets fell during the first month of 2020. France posted the strongest decline (-13.4%), followed by Spain (-7.6%), Germany (-7.3%) and Italy (-5.9%).

About Kenneth Zino

Ken Zino is an auto industry veteran with global experience in print, broadcast and electronic media. He has auto testing, marketing, public relations and communications expertise garnered while working in Asia, Europe and the U.S.
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