The European automotive market is getting some color again



Posted on Oct 16, 2020 at 11:16 amUpdated Oct 16, 2020, 12:13 PM

It’s a little glow in a very dark environment. In September, the European car market picked up slightly, according to figures released on Friday by the Association of European Automobile Manufacturers (ACEA). Driven by vehicle sales in Italy and Germany, it posted growth of 3.1% year on year, with 933,987 vehicles.

If this is the first time since the beginning of the crisis that the market of the Old Continent has experienced the start of a recovery, it is not happening at the same pace in all countries. Very often, it is largely due to government stimulus measures adopted in several large European countries. But not systematically.

Italy and Germany in the lead

In detail, Italy (+ 9.5%), Germany (+ 8.4%), but also Poland (+ 8%) and Belgium (+ 1%) are on the rise again. Conversely, France (-3%) and Spain (-13.5%) remain in the red.

In the list of manufacturers, the German group Volkswagen (with Skoda, Audi, Seat and Porsche), still undisputed number one in Europe, saw its deliveries increase by 9% in September, driven by good sales from Skoda, Audi and Seat. Over nine months, its market share increased further by 0.7 points to 25.7%.

Historic decline in 2020

It is clearly ahead of its runner-up PSA (Peugeot, Citroën, Opel / Vauxhall, DS), whose market share has fallen by 1.7 points since the start of the year, to 15.3%. The Renault group (with Dacia, Lada and Alpine) completed the European podium with 11.5% (-0.3 point), ahead of the Hyundai groups (7.2%, +0.5 point) and BMW (7%, +0.6 point). Renault is doing well in terms of registrations (+ 9.7%) thanks to Dacia sales (+ 35.4%), while PSA is down 11.8%, with a sharp decline.

If the European automotive market therefore seems, with these figures to begin its convalescence, it may be long. Because the shock was particularly severe, with spectacular drops of 55% in March and 76% in April.

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