Bad car market in Europe: -32 percent in eight months. Fca also down

2020-09-17T06:37:58.469Z

The European car market remains negative during the summer due to the coronavirus crisis, with a drop of 18.9% for registrations in August, the month in which Italy recorded the best performance in the EU (-0 , 4%). This was announced by Acea, the association of European manufacturers, underlining that in July sales marked a more limited decline, with a -5.7% compared to a year earlier after -22.3% in June. In the first eight months of 2020, 7,267,621 cars were sold, with a decrease of 32.9% compared to the same period of 2019.For Fiat Chrysler in August, registrations were 47,989, with a decrease of 6.6% and a share of market up to 6.2% from 5.4% a year ago. In July, however, 66,752 machines were sold, with a drop of 7.8% and a market share slightly down to 6.2% from 6.4%. In the first eight months of the year, the FCA recorded a -38.4% for registrations, while the share decreased from 7% to 6.3%. In July, the European Union saw sales growth in seven countries, including France (+ 3.9%) and Spain (+ 1.1%). Outside the EU perimeter, Great Britain (+ 11.3%), Iceland (+ 44.5%) and Norway (+ 6.5%) "showed the first signs of recovery". In August, however, the European market experienced a more significant decline, although less severe than in the previous months marked by the pandemic. Except for Cyprus (+ 14.1%), all EU countries showed a loss-making trend. Among the main markets, Italy had the best result (-0.4%) while the most significant decreases were in Germany (-20%) and France (-19.8%). In the first eight months of the year then, registrations in the EU fell by 32%. 6,123,852 machines were sold, almost 2.9 million less than in the same period of 2019. Among the major European markets, Spain recorded the most significant decline (-40.6%), followed by Italy (-38 , 9%), France (-32%) and Germany (-28.8%).