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European new automotive gross sales drop by 13.5% y/y in November – ACEA

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Automobiles travelling from Germany to Switzerland line up in entrance of a checkpoint after the re-opening of the borders, amid the coronavirus illness (COVID-19) outbreak, in Rheinfelden, Germany

European automotive registrations dropped in November, declining for the second month in row, business knowledge confirmed on Thursday, as measures to limit a second coronavirus wave hit gross sales within the continent’s largest markets.

In November, new automotive registrations dropped by 13.5% year-on-year to 1.05 million autos within the European Union, Britain and the nations of the European Free Commerce Affiliation (EFTA), figures from the European Vehicle Producers’ Affiliation (ACEA) confirmed.

Europe’s 5 largest markets all posted adverse outcomes. Gross sales in the UK and France fell by round 27%, whereas Spain and Italy registered extra reasonable drops of 18.7% and eight.3% respectively. Registrations in Germany, which had a partial lockdown that saved showrooms open in November, fell by 3%.

Gross sales a Volkswagen and Renault fell by round 14% every, whereas PSA reported a drop of 12%.

Luxurious automakers additionally posted losses in November with BMW’s gross sales falling 8% and rival Daimler reporting a 15.5% decline.

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