EU passenger car market contracted 7.4%Christian Fernsby ▼ | March 19, 2020
In February 2020, the EU passenger car market contracted 7.4% to 957,052 units registered.
Auto industry This decline was the result of a combination of factors
Germany recorded the most significant drop (-10.8%), followed Italy (-8.8%), Spain (-6.0%) and France (-2.7%).
From January to February 2020, total registrations of new cars in the European Union1 were 7.4% lower than in the same period the year before.
So far in 2020, each of the four major EU markets faced falling demand: Germany (-9.0%), France (-7.8%), Italy (-7.3%) and Spain (-6.8%). ■