European new car sales drop by 3.7% year-on-year in December
- The new car registrations in the month dropped to 1.215 million vehicles in the European Union, Britain and the countries of the EFTA.
- Sales at Volkswagen and PSA rose by 8.2% and 1.7% respectively, while Renault reported a drop of 15.6%.
European car registrations dropped in December, declining for the third month in row, industry data showed on Tuesday, as measures to restrict a second coronavirus wave hit sales in most of the continent's largest markets.
In December, new car registrations dropped by 3.7% year-on-year to 1.215 million vehicles in the European Union, Britain and the countries of the European Free Trade Association (EFTA), figures from the European Automobile Manufacturers' Association (ACEA) showed.
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Sales in Europe's five largest markets posted different results. Registrations in the United Kingdom, France and Italy fell by 10.9%, 11.8% and 14.9% respectively, while Germany recorded a rise of 9.9% and sales in Spain remained unchanged year-on-year.
Sales at Volkswagen and PSA rose by 8.2% and 1.7% respectively, while Renault reported a drop of 15.6%.
Luxury automakers also posted losses in December with BMW's sales falling 9.5% and rival Daimler reporting a 14.8% decline.
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ACEA said 2020 saw the biggest yearly drop in car demand since records began, with new car registrations falling by 24.3% compared to 2019.
Spain posted the biggest drops among Europe's largest markets with sales falling 32.3% and while Germany reported a narrower fall of 19.1%.
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