Day: July 16, 2020

EU new car sales down 22% in June as demand remains weak

15 May 2020, Lower Saxony, Lehrte: New Volkswagen vehicles are parked in a parking lot of a logistics company. Photo: Julian Stratenschulte/picture alliance via Getty Images
15 May 2020, Lower Saxony, Lehrte: New Volkswagen vehicles are parked in a parking lot of a logistics company. Photo: Julian Stratenschulte/picture alliance via Getty Images

New car registrations ticked up a little in June in the European Union as coronavirus restrictions lifted, but were still 22.3% lower than the same month a year ago.

Statistics from the European Automobile Manufacturers Association (ACEA) today said that across the EU, just 949,722 vehicles were sold last month.

While that is a slight improvement from May, when sales were down 52%, June’s numbers highlight just how slowly demand is picking up despite dealerships reopening as job insecurity and fears of further waves of the pandemic put people off big-ticket purchases.

Over the first half of the year, registrations were down more than 38% compared to the first six months of 2019.

Chart: European Automobile Manufacturers Association
Chart: European Automobile Manufacturers Association

All EU markets saw sales declines,

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