Europe car sales plunged by the most on record in 2020

Author: Justin Low | Category: News

New-vehicle registrations fell by a whopping 24% last year

That is the biggest annual drop since records began in 1990, despite relatively resilient demand being observed in the second-half of the year following the collapse during the initial wave of the coronavirus outbreak back in March to May.

In terms of raw figures, new-vehicle registrations for the whole of 2020 was 11,961,182 as compared to the 15,805,658 recorded back in 2019.
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The bright spot is that the return in demand seen in 2H 2020 bodes well for the industry outlook and should lead to a substantial recovery this year.

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