Europe’s passenger car sales have dropped approximately 74% year-to-date between January and April 2020, according to data obtained by Learnbonds.com. The drop was recorded in the 27 European Union member states alongside the United Kingdom, Iceland, Norway, and Switzerland.
In April, 292,180 units were sold, a drop of 65.75% from March’s 853,080 sold cars. In general, sales have been declining since the start of the year. From November 2019, the highest car sales were in December with the figure at 1.26 million units, a 4.2% from November’s 1.21 million sold.
The drop in car sales is mainly due to the coronavirus pandemic that led to travel restrictions and lockdowns within major European countries. The Learnbonds.com research reports note that:
“The drop in car sales might impact some European economies that heavily rely on car manufacturing. For example, Germany’s strong economic position relies on vehicle exports, and car dealerships. As countries worked on their reopening plans the car manufacturing sector was given a priority. In Germany, the car manufacturing sector was among the first to be reopened but with strict social distancing and hygiene measures in place.”
This drop in production is seen in new passenger car registrations by manufacturers. Year-over-year from January to April 2020 compared to a similar period last year, the average was -39.73%. Mazda had the highest change at -53% followed by Honda at -50.6% while the FCA group had the third-highest change at -48%. Toyota Group had the least change at -24.8% BMW Group at -29.6% while Volvo had a change of -31%.
In total, 15 car manufacturers sold 3,240,028 car units in Europe between January and April this year. Last year during the first four months, the same manufacturers sold a total of 5,328,964 units, representing a percentage change of -39.19%. VW Group still holds the top spot after selling 884,761 compared to last year’s 1,330,045 units. The PSA Group had the second-highest car sales at 492,144 this year, which dropped from 2019’s 908,420.
For more statistics and information on the coronavirus pandemic’s impact on European passenger car sales, click here.