BR100 Increased By (0.27%)
BR30 Increased By (0.26%)
KSE100 Increased By (0.23%)
KSE30 Increased By (0.22%)
BECO 5.51 Decreased By ▼ -0.03 (-0.54%)
BML 57.20 Increased By ▲ 0.11 (0.19%)
BOP 35.25 Increased By ▲ 0.04 (0.11%)
CNERGY 8.22 Increased By ▲ 0.02 (0.24%)
DCL 11.65 Increased By ▲ 0.01 (0.09%)
FCCL 56.60 Increased By ▲ 0.11 (0.19%)
FCSC 5.31 Decreased By ▼ -0.01 (-0.19%)
FFL 18.05 Decreased By ▼ -0.01 (-0.06%)
FNEL 1.30 Increased By ▲ 0.01 (0.78%)
HUMNL 11.24 Increased By ▲ 0.05 (0.45%)
KEL 8.28 Increased By ▲ 0.08 (0.98%)
KOSM 6.69 Increased By ▲ 0.02 (0.3%)
MLCF 101.35 Increased By ▲ 0.59 (0.59%)
NBP 201.71 Decreased By ▼ -1.29 (-0.64%)
PACE 11.55 Increased By ▲ 0.06 (0.52%)
PAEL 43.45 Increased By ▲ 0.37 (0.86%)
PIAHCLA 27.03 Increased By ▲ 0.03 (0.11%)
PIBTL 17.95 Increased By ▲ 0.11 (0.62%)
PPL 244.00 Increased By ▲ 1.37 (0.56%)
PRL 35.94 Increased By ▲ 0.07 (0.2%)
PTC 65.96 Increased By ▲ 0.11 (0.17%)
SEARL 94.00 Increased By ▲ 0.42 (0.45%)
SSGC 32.92 Increased By ▲ 0.69 (2.14%)
TELE 9.09 Decreased By ▼ -0.02 (-0.22%)
THCCL 66.85 Increased By ▲ 0.36 (0.54%)
TPLP 10.80 Decreased By ▼ -0.15 (-1.37%)
TREET 25.79 Increased By ▲ 0.07 (0.27%)
TRG 66.04 Increased By ▲ 0.09 (0.14%)
WAVES 11.18 Increased By ▲ 0.02 (0.18%)
WTL 1.27 Increased By ▲ 0.01 (0.79%)
Business & Finance

Europe 2020 auto sales post record fall as virus hits

  • "2020 saw the biggest yearly drop in car demand since records began (in 1990)... all 27 EU markets recorded double-digit declines," it added.
Published January 19, 2021 Updated January 19, 2021 06:05pm
By

PARIS: New car sales in Europe last year suffered a record fall of nearly 24 percent due to the coronavirus pandemic, the European Automobile Manufacturers' Association (ACEA) said Tuesday.

"The EU passenger car market contracted by 23.7 percent to 9.9 million vehicles as a direct result of the Covid-19 pandemic," the ACEA said in a statement.

"Containment measures -- including full scale lockdowns and other restrictions throughout the year -- had an unprecedented impact on car sales across the European Union," it said.

"2020 saw the biggest yearly drop in car demand since records began (in 1990)... all 27 EU markets recorded double-digit declines," it added.

The ACEA said that among the biggest auto markets, Spain recorded the sharpest fall at 32.3 percent for the year, with Italy down 27.9 percent and France 25.5 percent.

Germany, the bloc's strongest economy, dropped 19.1 percent.

For the month of December alone, EU car sales were down 3.3 percent at just over one million vehicles.

Comments

Comments are closed for this article.